USDCAD approaching support, potential bounce!
USDCAD is approaching its support at 1.3065 (38.2% Fibonacci retracement, 61.8% Fibonacci extension, horizontal overlap support) where a bounce could occur, causing price to rise to its resistance at 1.3262 (61.8% Fibonacci retracement, horizontal pullback resistance)
Stochastic (55, 5, 3) is approaching its support at 3.7% where corresponding bounce could occur.
Stochastic (55, 5, 3) is approaching its support at 3.7% where corresponding bounce could occur.
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.