USDCAD is approaching our support level at 1.2779 in line with our 61.8% fibonacci retracement and horizontal pullback support , where we could see a potential bounce towards our first resistance target if price approaches this key level. Stochastics is also signaling that there’s more room for upside!
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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.