USDCAD approaching support, potential bounce!
USDCAD is approaching our first support at 1.3376 (horizontal pullback support, 23.6% Fibonacci retracement) where a strong bounce might occur above this level to our major resistance at 1.3520 (76.4% Fibonacci retracement). Ichimoku cloud is also showing signs of bullish bias.
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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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