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USDCAD has broken major resistance, potential bullishness!
USDCAD has broken a major resistance-turned-support line at 1.2559 which now serves as major support for a potential bounce towards 1.2645 (100% ABC Fibonacci extension, 78.6% Fibonacci retracement, horizontal swing high resistance).
RSI (55) also sees a recent bullish exit signalling a change in momentum from bearish to bullish. This is in line with the potential rise in price.
RSI (55) also sees a recent bullish exit signalling a change in momentum from bearish to bullish. This is in line with the potential rise in price.
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