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USDCAD approaching support, potential bounce!

Por ICmarkets
Corretora
Price is approaching our first support at 1.3064 (horizontal overlap support, 61.8% Fibonacci extension, 38.2% Fibonacci retracement) and might potentially rise up to our major resistance at 1.3266 (horizontal overlap resistance, 100% Fibonacci extension, 61.8% 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.

CADChart PatternsForexforexsignalsforextradingHarmonic PatternsTrend AnalysisUSDUSDCADusdcadlongusdcadshort
ICmarkets
Corretora
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.
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