EURCAD is approaching our first support at 1.5129 (horizontal swing low support, 61.8%, 100% Fibonacci extension, 61.8% Fibonacci retracement) where a strong bounce might occur above this level, pushing price up to our major resistance at 1.5294 (horizontal overlap resistance, 100% Fibonacci extension, 50% Fibonacci retracement).
Stochastic (55,5,3) is also approaching support and a bounce off this level might see a corresponding rise in price.
Stochastic (55,5,3) is also approaching support and a bounce off this level might see a corresponding rise in price.