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USDCAD Approaching Support, Potential Bounce!

Oleh ICmarkets
Broker
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.
CADChart PatternsForexforexsignalsHarmonic PatternsTrend AnalysisUSDUSDCADusdcadlong
ICmarkets
Broker
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
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