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USDCAD approaching support, potential bounce!

Long
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
Tickmill Broker  
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Chart Patterns Harmonic Patterns USDCAD USD CAD usdcadlong usdcadshort
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trendanalysis chartpattern harmonicpatterns usdcad usd cad usdcadlong usdcadshort
USDCAD is approaching our first support at 1.3241 (horizontal pullback support, 61.8% Fibonacci retracement, 100%, 61.8% Fibonacci extension) where a strong bounce might occur above this level to our major resistance at 1.3381 (horizontal pullback resistance, 61.8% Fibonacci retracement).
Stochastic (34,5,3) is approaching support as well.
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This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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