USDCAD Approaching Support, Potential Bounce!
USDCAD is testing its support at 1.3045 (100% Fibonacci extension, 38.2%, 61.8% & 78.6% Fibonacci retracement, horizontal overlap support) where it could potentially bounce up to its resistance at 1.3193 (61.8% Fibonacci retracement, horizontal swing high resistance).
Stochastic (89, 5, 3) has bounced off its support at 3.2% where a corresponding rise could occur.
Stochastic (89, 5, 3) has bounced off its support at 3.2% where a corresponding rise could occur.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.