USDCAD dropped nicely from our 1st resistance and might go below the downside confirmation where the 38.2% fib retracement is. Price could drop further from downside confirmation towards 1st support if it manages to close below downside confirmation. EMA is also showing that more bearishness is likely to come.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results