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USDCAD may bounce further from 1.31588

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FOREXCOM:USDCAD   Dólar estadounidense/Dólar canadiense
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USDCAD is currently bouncing from its 1st support where the 23.6% Fibonacci retracement , and horizontal graphical area. Price could bounce further towards our 1st resistance at at 1.32024 where 38.2% and -61.8% fibonacci retracement area are. The EMA (21) and the MACD are showing bullish pressure for price.
This analysis is provided as general market commentary and does not constitute investment advice.