USDCAD approaching support where we might see a bounce!
Price is approaching our first support at 1.3397 (horizontal overlap support, 61.8% Fibonacci extension, 50% Fibonacci retracement) where a strong bounce might occur above this level to our first resistance at 1.3532 (78.6% Fibonacci retracement). Stochastic is also approaching support where we might see a corresponding bounce in price.
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Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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