FX.co ★ USDCAD facing bullish pressure, potential for upside!

Price is currently resting on the horizontal pullback support at 0.125390 which is in line with the 161.8% Fibonacci extension and the 50% Fibonacci retracement. We can expect price to rise up to the 1st resistance which is in line with the horizontal swing high and 127.2% Fibonacci extension level.Our bullish bias is further reinforced by how price is approaching and appears to be bouncing off a hidden support level at 9.37.