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USDCAD approaching support, potential bounce!

Long
Dollar Américain / Dollar Canadien (FX:USDCAD)  
easyMarkets Courtier  
FX:USDCAD   Dollar Américain / Dollar Canadien
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 1.3241 (horizontal pullback support, 61.8% Fibonacci retracement, 100%, 61.8% Fibonacci extension) where a strong bounce to our major resistance level at 1.3347 (50% Fibonacci retracement) might occur.
Stochastic (89,5,3) is also approaching support where we might see a bounce in price.
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Losses can exceed the initial investment so please ensure you fully understand the risks.

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