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USDCAD Approaching Support, Potential For A Bounce

Long
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
ICmarkets Broker  
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Harmonic Patterns Chart Patterns USDCAD USD CAD usdcadlong EUR GBP jpy aud
91
1
trendanalysis harmonicpatterns chartpattern usdcad usd cad usdcadlong eur gbp jpy aud
USDCAD is approaching its support at 1.2966(61.8% Fibonacci extension x3, 76.4% Fibonacci retracement, horizontal pullback support) where it could potentially bounce to its resistance at 1.3039 (23.6% Fibonacci retracement, horizontal pullback resistance).
Stochastic (89, 5, 3) is approaching its support at 2.7% where a corresponding bounce could occur.
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