USDCAD Bounced Off Support, Potential For A Further Rise
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.
Stochastic (55, 5, 3) is bounced off its support at 1.9% where a corresponding rise could occur.
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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.