USDCAD is testing our Pivot, potential for a rise.
Description:
Price is testing our Pivot point at 1.27019, which is in line with 61.8%, 127% Fibonacci retracement and horizontal graphical overlap. We could potentially see price rise towards our 1st resistance level at 1.27650, a fibonacci confluence. It is worth noting that price is trending above the moving average, in line with our bullish analysis.
Pivot: 1.27019
Why we like it:
61.8%, 127% Fibonacci retracement and horizontal graphical overlap
1st Support: 1.26462
Why we like it:
38.2% Fibonacci retracement and 78.6% fibonacci extension
1st Resistance: 1.27650
Why we like it:
78.6%, 161.8% Fibonacci retracement and horizontal graphical overlap.
Trading FX & CFDs carries high risk.
Price is testing our Pivot point at 1.27019, which is in line with 61.8%, 127% Fibonacci retracement and horizontal graphical overlap. We could potentially see price rise towards our 1st resistance level at 1.27650, a fibonacci confluence. It is worth noting that price is trending above the moving average, in line with our bullish analysis.
Pivot: 1.27019
Why we like it:
61.8%, 127% Fibonacci retracement and horizontal graphical overlap
1st Support: 1.26462
Why we like it:
38.2% Fibonacci retracement and 78.6% fibonacci extension
1st Resistance: 1.27650
Why we like it:
78.6%, 161.8% Fibonacci retracement and horizontal graphical overlap.
Trading FX & CFDs carries high risk.
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.
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.