USDCAD approaching 1st support, potential bounce

Price is approaching 1st support, in line with 61.8% Fibonacci extension, 38.2% Fibonacci retracement and horizontal pullback support. We could see a bounce and further rise up toward 1st resistance, in line with 161.8% Fibonacci retracement & horizontal swing high resistance. Price is holding above EMA which shows potential bullish pressure.

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