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USDCAD approaching support, potential bounce!

Long
Dollaro / Dollaro canadese (FX:USDCAD)  
easyMarkets Broker  
FX:USDCAD   Dollaro / Dollaro canadese
Trend Analysis Harmonic Patterns Chart Patterns USDCAD USD CAD usdcadlong usdcadshort Forex forextrading forexsignals
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trendanalysis harmonicpatterns chartpattern usdcad usd cad usdcadlong usdcadshort forex forextrading forexsignals
USDCAD is approaching our first support at 1.3056 (horizontal pullback support, 61.8% Fibonacci extension, 23.6%, 38.2% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 1.3261 (horizontal pullback resistance, 61.8% Fibonacci retracement).
Stochastic (89,5,3) is also seeing a bullish divergence and is bouncing off our major support where we might see a corresponding rise in price.
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