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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
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trendanalysis harmonicpatterns chartpattern usdcad usd cad usdcadlong usdcadshort forex forextrading forexsignals
USDCAD is approaching our first support at 1.3378 (horizontal pullback support, 61.8%, Fibonacci extension, 23.6% Fibonacci retracement) where a strong bounce might occur above this level to our major resistance at 1.3520 (76.4% Fibonacci retracement).
Ichimoku cloud is also showing signs of bullish pressure.
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Losses can exceed the initial investment so please ensure you fully understand the risks.
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