USDCAD Bounced Off Support, Potential to Rise Further!
USDCAD bounced off its support at 1.2998 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support) where it could potentially rise to its resistance at 1.3277 (76.4% Fibonacci retracement, horizontal overlap resistance).
Stochastic (55, 5, 3) bounced off near its support at 3.8% where a corresponding rise could occur. We have also identified a bullish divergence with price that contributes to our bullish bias.
Stochastic (55, 5, 3) bounced off near its support at 3.8% where a corresponding rise could occur. We have also identified a bullish divergence with price that contributes to our bullish bias.
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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.