#USDCAD is above our Pivot, potential for upside
Description
Price has broken above our pivot level at 1.24981 which is in line with 100% Fibonacci extension levelhorizontal overlap support . We could potentially see a further rise from here towards 1.26225, which coincides with 161.8% Fibonacci retracement level, 100% Fibonacci extension level. Finally, we can expect price to take support at 1.24404, which coincides with 38.2% Fibonacci retracement level, 61.8% Fibonacci extension levelhorizontal overlap support . This is further supported by how MACD is holding above the 0 line.
Pivot:
1.24981
Why we like it:
100% Fibonacci extension levelhorizontal overlap support
1st Support:
1.24404
38.2% Fibonacci retracement level, 61.8% Fibonacci extension levelhorizontal overlap support
1st Resistance:
1.26225
161.8% Fibonacci retracement level, 100% Fibonacci extension level
Trading FX & CFDs carries high risk.
Price has broken above our pivot level at 1.24981 which is in line with 100% Fibonacci extension levelhorizontal overlap support . We could potentially see a further rise from here towards 1.26225, which coincides with 161.8% Fibonacci retracement level, 100% Fibonacci extension level. Finally, we can expect price to take support at 1.24404, which coincides with 38.2% Fibonacci retracement level, 61.8% Fibonacci extension levelhorizontal overlap support . This is further supported by how MACD is holding above the 0 line.
Pivot:
1.24981
Why we like it:
100% Fibonacci extension levelhorizontal overlap support
1st Support:
1.24404
38.2% Fibonacci retracement level, 61.8% Fibonacci extension levelhorizontal overlap support
1st Resistance:
1.26225
161.8% Fibonacci retracement level, 100% Fibonacci extension level
Trading FX & CFDs carries high risk.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.