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U.S. Dollar / Canadian Dollar
Long

USDCAD Bounced Off Support, Potential Rise!

By ICmarkets
Broker
USDCAD bounced off its support at 1.3037 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support) where it could potentially rise up to its resistance at 1.3257 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance).
Stochastic (55, 5, 3) bounced off its support at 2.9% 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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