USDCAD approaching support, potential bounce!

8 พ.ย. 2018

USDCAD is approaching our first support at 1.3078 (horizontal swing low support, 23.6% Fibonacci retracement, 61.8% Fibonacci extension, ascending channel support) where a strong bounce might occur pushing price up to our major resistance at 1.3176 (horizontal swing high resistance, 61.8% Fibonacci extension, 78.6% Fibonacci retracement).
RSI (34) is also approaching support where we might see a corresponding bounce in price.
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