USDCAD Bounced Off Support, Potential to Rise Further!
USDCAD bounced off its support at 1.2998 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support) where it could potentially rise to its resistance at 1.3277 (76.4% Fibonacci retracement, horizontal overlap resistance).
Stochastic (55, 5, 3) bounced off near its support at 3.8% where a corresponding rise could occur. We have also identified a bullish divergence with price that contributes to our bullish bias.
Stochastic (55, 5, 3) bounced off near its support at 3.8% where a corresponding rise could occur. We have also identified a bullish divergence with price that contributes to our bullish bias.
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