FX.co ★ Daily Video Analysis: USDCAD facing bullish pressure, potential for further rise!

Today we take a look at USDCAD. Combining advanced technical analysis methods such as Fibonacci confluence, correlation, market structure, oscillators and demand/supply zones, we identify high probability trading setups. Price is facing bullish pressure as it holds above the ascending trendline support, and Stochastics is also showing signs of bullish pressure as it approaches the support where price has bounced from in the past. We could see further upside above Buy Entry, in line with 61.8% Fibonacci retracement, towards Take Profit level, in line with 61.8% Fibonacci retracement.