USDCAD approaching support, potential bounce
USDCAD is approaching our first support at 0.3204(50% Fibonacci retracement , Horizontal swing low support, 100% Fibonacci extension ) and a strong bounce might occur below this level pushing price up to our major resistance 1.3272 (50% Fibonacci retracement , 61.8% Fibonacci extension ).
Stochastic (55, 5, 3) is approaching its support where a corresponding bounce could occur.
Stochastic (55, 5, 3) is approaching its support where a corresponding bounce could occur.