USDCAD approaching support, potential bounce!
USDCAD is approaching our first support at 1.3376 (horizontal pullback support, 23.6% Fibonacci retracement) where a strong bounce might occur above this level to our major resistance at 1.3520 (76.4% Fibonacci retracement). Ichimoku cloud is also showing signs of bullish bias.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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