USDCAD Bounced Off Support, Potential Further Rise!
USDCAD bounced nicely off its support at 1.3441 (161.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 1.3514 (horizontal swing high resistance).
Stochastic (89, 5, 3) is bounced off near its support at 5.2% where a corresponding rise could occur.
Stochastic (89, 5, 3) is bounced off near its support at 5.2% where a corresponding rise could occur.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.