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USDCAD approaching support, potential bounce!

Long
Dollaro / Dollaro canadese (FX:USDCAD)  
Tickmill Broker  
FX:USDCAD   Dollaro / Dollaro canadese
Trend Analysis Harmonic Patterns Chart Patterns USDCAD USD CAD usdcadlong usdcadshort Forex forextrading forexsignal
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trendanalysis harmonicpatterns chartpattern usdcad usd cad usdcadlong usdcadshort forex forextrading forexsignal
USDCAD is approaching our first support at 1.3165 (Horizontal swing low support, 100% fiboancci extension, 50% Fibonacci retracement) and a strong bounce might occur pushing price up to our major resistance at 1.3269 (Horizontal overlap resistance, 50% fibonacci retracement).
Stochastic (55, 5, 3) is also approaching support and we might see a corresponding rise in price should it bounce off this level.
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This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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