USDCAD bounced from our Pivot, potential for a rise.
Description:
Price is approaching our Pivot point at 1.26901, which is in line with 50%, 23.6% Fibonacci retracement, 78.6% Fibonacci extension and horizontal graphical overlap. We could potentially see price rise towards our 1st resistance level at 1.27460. It is worth noting that price may return to the descending trendline, in line with our short-term bullish view.
Pivot: 1.26901
Why we like it:
50%, 23.6% Fibonacci retracement, 78.6% Fibonacci extension and horizontal graphical overlap
1st Support: 1.26517
Why we like it:
-27% Fibonacci retracement, 61.8% fibonacci extension and horizontal swing low support.
1st Resistance: 1.27460
Why we like it:
88% Fibonacci retracement, 127% Fibonacci extension and horizontal swing high resistance.
Trading FX & CFDs carries high risk.
Price is approaching our Pivot point at 1.26901, which is in line with 50%, 23.6% Fibonacci retracement, 78.6% Fibonacci extension and horizontal graphical overlap. We could potentially see price rise towards our 1st resistance level at 1.27460. It is worth noting that price may return to the descending trendline, in line with our short-term bullish view.
Pivot: 1.26901
Why we like it:
50%, 23.6% Fibonacci retracement, 78.6% Fibonacci extension and horizontal graphical overlap
1st Support: 1.26517
Why we like it:
-27% Fibonacci retracement, 61.8% fibonacci extension and horizontal swing low support.
1st Resistance: 1.27460
Why we like it:
88% Fibonacci retracement, 127% Fibonacci extension and horizontal swing high resistance.
Trading FX & CFDs carries high risk.
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.