USDCAD testing major support, potential bounce!
USDCAD is testing major support at 1.2636 which is a fibonacci retracement, extension and overlap support level. We can see good price action at that area too. What is nice to see is that multiple RSI bounces has occurred that corresponded with price bouncing around this level too.
Our major resistance is at 1.2726 which is a major swing high resistance level and a fibonacci extension level.
Our major resistance is at 1.2726 which is a major swing high resistance level and a fibonacci extension level.
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