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U.S. Dollar / Canadian Dollar
Long

USDCAD Approaching Support, Potential Bounce

By ICmarkets
Broker
USDCAD is approaching its support at 1.3142 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 1.3208 (50% Fibonacci retracement, horizontal overlap support). Stochastic (55, 5, 3) is approaching its support at 4.9% where a corresponding bounce could occur.
audCADChart PatternschfEURGBPNZDTrend AnalysisUSDUSDCADWave Analysis
ICmarkets
Broker
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
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