Get started
easyMarkets

USDCAD approaching support, potential bounce!

Long
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
easyMarkets Broker  
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Harmonic Patterns Chart Patterns USDCAD USD CAD usdcadlong usdcadshort Forex forextrading forexsignals
3
0
trendanalysis harmonicpatterns chartpattern usdcad usd cad usdcadlong usdcadshort forex forextrading forexsignals
USDCAD is approaching our support at 1.2743 (Horizontal overlap support, 61.8% Fibonacci extension). A strong bounce might occur at this level, pushing price up to our major resistance at 1.3122 (horizontal swing high resistance).

Stochastic (55,5,3) is also approaching our major support and a we might see a corresponding rise in price should it bounce off this level.

Losses can exceed the initial investment so please ensure you fully understand the risks Trading CFDs on margin carries high risk.

Come join us today at : www.easymarkets.com/
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.