USDCAD approaching resistance | 23 June 2021

USDCAD approaching resistance | 23 June 2021 for FOREXCOM:USDCAD by FXCM

USDCAD approaching resistance | 23 June 2021



USDCAD approaching resistance and graphical overlap resistance at 1.23280. Our entry is also in line with the 23.6% Fibonacci retracement level. With technical indicators showing room for further bearish momentum, a further drop towards long-term ascending trendline support and 61.8% Fibonacci extension level at 1.22627 could be possible.

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