USDCAD Approaching Support, Potential Bounce!
USDCAD is approaching its support at 1.3387 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 1.3487 (78.6% Fibonacci retracement, horizontal swing high resistance).
Stochastic (55, 5, 3) is approaching its support at 2.04% where a corresponding bounce could occur.
Stochastic (55, 5, 3) is approaching its support at 2.04% where a corresponding bounce could occur.
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