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USDCAD facing bullish pressure, potential for more upside!

Long
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
Tickmill Broker  
FX:USDCAD   U.S. Dollar / Canadian Dollar
Harmonic Patterns Trend Analysis Chart Patterns USD CAD usdcadlong
154
5
harmonicpatterns trendanalysis chartpattern usd cad usdcadlong
USDCAD is facing bullish pressure from 1st support at 1.26380, in line with 61.8% fib extension, 61.8% fib retracement and horizontal swing high resistance. We could see a further push towards 1st resistance at 1.27478 where the 100% fib extension is. MACD is also showing that prices are facing bullish pressure.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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