FX.co ★ USD/CAD, Daily | Asymmetrical Triangle Downside Breakout?

USD/CAD chart shows bearish momentum with the price breaking out of an asymmetrical triangle to the downside. The first support level at 1.33059 is an overlap support at the multi-swing lows which is a significant level for buyers. The second support is at 1.31609 which is an overlap support which coincides with the -27.2% Fibonacci expansion. The first resistance at 1.36672 is an overlap resistance coinciding with the 61.80% Fibonacci retracement, poses a challenge to upward movement. The second resistance at 1.38814 acts as a pullback resistance and potential barrier to price increases.