USDCAD is approaching its support, potential bounce!
USDCAD is approaching its support at 1.2786 (38.2% Fibonacci retracement, 50% Fibonacci retracement, 61.8% Fibonacci extension, horizontal pullback support) where it a bounce could happen, causing price to rise to its 1st resistance at 1.2866 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal pullback resistance). If price surpasses this resistance, it could rise to its 2nd resistance at 1.2955 (50% Fibonacci retracement, horizontal swing high resistance). We have also identified another support at 1.2687 (50% Fibonacci retracement, horizontal overlap support).
Stochastic (89, 5, 3) is also approaching its support at 2.4% where a corresponding reaction could occur.
Stochastic (89, 5, 3) is also approaching its support at 2.4% where a corresponding reaction could occur.
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.