USDCAD Bounced off Support, Potential For Further Rise!
USDCAD bounced nicely off its support at 1.3061 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap support) where price could rise further to its resistance at 1.3224 (50% Fibonacci retracement, horizontal swing high resistance).
Stochastic (55, 5, 3) has bounced off its support at 3% where a corresponding rise could occur.
Stochastic (55, 5, 3) has bounced off its support at 3% 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.