Klimex

USDCAD Approaching Support, Prepare For A Bounce

Long
FX:USDCAD   U.S. Dollar / Canadian Dollar
USDCAD bounced nicely off its support at 1.3241 (61.8% Fibonacci retracement, horizontal pullback support, 100% Fibonacci extension) where it could potentially bounce to its resistance at 1.3359 (50% Fibonacci retracement).

Stochastic (21, 5, 3) is bounced off its support where a corresponding rise could occur.

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