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USDCAD Approaching Support, Potential Bounce

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USDCAD is approaching its support at 1.3142 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 1.3208 (50% Fibonacci retracement, horizontal overlap support). Stochastic (55, 5, 3) is approaching its support at 4.9% where a corresponding bounce could occur.
audCADChart PatternschfEURGBPNZDTrend AnalysisUSDUSDCADWave Analysis
ICmarkets
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IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
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