USDCAD is currently bouncing from its 1st support where the 127% Fibonacci extension, and horizontal swing low are. Price could bounce further from the intermediate support at 1.31366 where the horizontal overlap support is and go further towards our 1st resistance. The EMA (34) are showing bullish pressure for price.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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