USDCAD is facing bearish pressure | 16 Mar 2021

USDCAD is facing bearish pressure | 16 Mar 2021 for FX:USDCAD by FXCM

USDCAD is facing bearish pressure | 16 Mar 2021



Prices are facing bearish pressure from our resistance, in line with our 23.6% fibonacci retracement where we could see a further drop below this level to our support target. Ichimoku cloud is showing signs of bearish pressure as well, in line with our bearish bias.

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