Tickmill

USDCAD is testing upside confirmation, more upside !

Long
FX:USDCAD   U.S. Dollar / Canadian Dollar
USDCAD is testing upside confirmation, in line with our 23.6% fibonacci retracement . We could see a further bounce above this level to our first resistance target if price closes above it. This is also in line with the trendline where price could potentially pull back towards before a reversal.

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