USDCAD is facing bearish pressure from our downside confirmation
USDCAD is going up to test our downside confirmation and might reverse further from there towards 1st support or even 2nd support where the key fib retracement levels are, respectively. EMA(34) is also showing signs of bearishness.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results