Tickmill

USDCAD is facing bullish pressure from upside confirmation

Long
FX:USDCAD   U.S. Dollar / Canadian Dollar
USDCAD is testing upside confirmation, in line with our 50% fibonacci retracement nad 100% fib extension. We could see a possible further bounce above this level to our first support. This is also in line with the Ichimoku cloud where price is on support.

This analysis is provided as general market commentary and does not constitute investment advice.