USDCAD approaching support, potential bounce!

USDCAD is approaching our first support at 1.3294 (horizontal swing low support, 100% Fibonacci extension, 78.6% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 1.3389 (61.8% Fibonacci retracement, horizontal swing high resistance).
Stochastic is also approaching support where we might see a corresponding bounce in price.
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CADChart PatternsHarmonic PatternsTrend AnalysisUSDUSDCADusdcadlongusdcadshort

This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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