USDCAD approaching support, potential bounce!

USDCAD is approaching our first support at 1.2891 (horizontal overlap support, 50% Fibonacci retracement, short term ascending support line) where a strong bounce might occur above this level pushing price up to our major resistance at 1.3072 (61.8% Fibonacci extension). Ichimoku cloud is also showing signs of bullish pressure in line with our bullish bias.
RSI (89) is also approaching our support and a bounce off this level might be a good precursor for a potential rise in price.
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