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USDCAD Bounced Off Support, Potential For A Further Rise

Oleh ICmarkets
Broker
USDCAD bounced nicely off its support at 1.3470 (100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal swing low support, channel support) where it could potentially bounce to its resistance at 1.3562 (50% Fibonacci retracement, horizontal pullback resistance).

Stochastic (55, 5, 3) is bounced off its support at 1.9% where a corresponding rise could occur.
audCADChart PatternschfEURGBPHarmonic PatternsjpyNZDTrend AnalysisUSDUSDCAD
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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