#USDCAD approaching pivot, potential for rise!

100
Description
Price has broken above our pivot level at 1.2574 which is in line with & horizontal swing low support . We could potentially see a further rise from here towards 1.25052, which coincides with 161.8% Fibonacci retracement level. Finally, we can expect price to take support at 1.27212, which coincides with 100% Fibonacci extension level . This is further supported by how price is likely to reverse off the RSI resistance level.

Pivot:
1.25740
Why we like it:
& horizontal swing low support

1st Support:
1.27212
Why we like it:
100% Fibonacci extension level

1st Resistance:
1.25052
Why we like it:
161.8% Fibonacci retracement 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.