USDCAD facing bullish pressure, potential for more upside!
Prices are facing bullish pressure from ascending trendline support, which is in line with horizontal swing low support, 127.2% Fibonacci retracement and 161.8% Fibonacci extension. Prices might push up towards 1st resistance which is in line with horizontal pullback resistance, 50% Fibonacci retracement and 50% Fibonacci extension. If prices fall through 1st support, prices might take support from 127.2% Fibonacci retracement and 161.8% Fibonacci retracement. Stochastics is also approaching support level at 7.63 level, potential for bounce.
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