USDCAD facing bullish pressure from 1st support!
USDCAD is facing bullish pressure from our first support, in line with the 100% fib extension , where we could see a further bounce towards 1st resistance. Although the longer-term direction is still bearish as the trendline indicates, we could see possible pullback to the trendline towards 1st resistance before a further drop as Stochastics indicates.
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