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USDCAD Approaching Support, Potential Rise!
USDCAD is approaching its support at 1.2966 (100% & 61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal swing low support) where it could potentially rise to its resistance at 1.3088 (50% & 38.2% Fibonacci retracement, horizontal swing high resistance).
Stochastic (89, 5, 3) is approaching near its support at 4.7% where a corresponding rise could occur. We have also identified a bullish divergence with price that contributes to our bullish bias.
Stochastic (89, 5, 3) is approaching near its support at 4.7% where a corresponding rise could occur. We have also identified a bullish divergence with price that contributes to our bullish bias.
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