USDCAD approaching support, potential bounce!
Price is approaching our first support at 1.3064 (horizontal overlap support, 61.8% Fibonacci extension, 38.2% Fibonacci retracement) and might potentially rise up to our major resistance at 1.3266 (horizontal overlap resistance, 100% Fibonacci extension, 61.8% Fibonacci retracement).
Stochastic (55,5,3) is also approaching support and we might see a corresponding rise in price should it bounce off this level.
Stochastic (55,5,3) is also approaching support and we might see a corresponding rise in price should it bounce off this level.
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.