USDCAD is approaching its support at 1.3122 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support) where it could potentially bounce off and rise to its resistance at 1.3267 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal pullback resistance).
We do have to be cautious of the intermediate resistance at 1.3208 (61.8% Fibonacci extension, horizontal swing high resistance).
Stochastic ( 55, 5, 3) is approaching its support at 2.06% where a corresponding rise could occur.
We do have to be cautious of the intermediate resistance at 1.3208 (61.8% Fibonacci extension, horizontal swing high resistance).
Stochastic ( 55, 5, 3) is approaching its support at 2.06% where a corresponding rise could occur.
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