Bullish bounce?USD/CAD is reacting off the support level which is a pullback support and a bounce off this level could indicate a double bottom pattern which might lead to a potential price rise to our take profit.
Entry: 1.3691
Why we like it:
There is a pullback support level.
Stop loss: 1.3634
Why we like it:
There is a support level at the 127.22% Fibonacci extension.
Take profit: 1.3818
Why we like it:
There is a pullback resistance level.
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