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EuroMotif

USDCAD at or near Support. UC due for a bounce?

U.S. Dollar / Canadian Dollar (FX:USDCAD)  
EuroMotif Mod Updated   
FX:USDCAD   U.S. Dollar / Canadian Dollar
Fibonacci Support and Resistance Elliott Wave
9
0
fibonacci supportandresistance elliottwaves
UC approaching a couple of support zones.
If these zones do not bounce the price, then it will head much lower.
Watching closely.
Comment:
Decent bounce out of support zone, but bulls need to break this 1.618 to get more bulls on board
snapshot
Comment:
Above initial support did not hold, neither did the second one. But now we are coming back up to ''previous'' support. Question is whether it will turn into Resistance now
snapshot
Comment:
Nice! previous support Pierced with Vigor
snapshot
Comment:
Here we are, back in the zones
snapshot

Zooming in, my miscalculation becomes obvious. I expected the 4x band to hold it, but turns out it was the 5x band
snapshot

Another look with the colored bands for better contrast
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EuroMotif
USDCAD near 'Confluence of 2" or "3": UC preparing for a bounce?
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