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Dollaro / Dollaro canadese
Long

USDCAD facing bullish pressure, potential for more upside!

Di Tickmill
Broker
Prices are facing bullish pressure from 1st support which is in line with horizontal swing low support and 100% Fibonacci extension. Prices might push up towards 1st resistance which is in line with 127.2% Fibonacci retracement and 78.6% FIbonacci extension. If prices fall through 1st support, prices might take support from 2nd support which is horizontal swing low support in line with 127.2% Fibonacci retracement and 61.8% FIbonacci retracement. Stochastics is also approaching 3.62 support level, potential for a bounce.
CADChart PatternsHarmonic PatternsTrend AnalysisUSDusdcadlong
Tickmill
Broker
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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