USDCAD Approaching Support, Prepare For A Bounce
USDCAD bounced nicely off its support at 1.3241 (61.8% Fibonacci retracement, horizontal pullback support, 100% Fibonacci extension) where it could potentially bounce to its resistance at 1.3359 (50% Fibonacci retracement).
Stochastic (21, 5, 3) is bounced off its support where a corresponding rise could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (21, 5, 3) is bounced off its support where a corresponding rise could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.