USDCAD testing support, potential rise!

١٠ أبريل ٢٠١٨

Price is testing our first support at 1.2684 (horizontal pullback support, 50% Fibonacci retracement, 61.8% Fibonacci extension). A strong bounce might occur above this level, pushing price up to our major resistance at 1.2837 (horizontal overlap resistance, 61.8% Fibonacci retracement).

Stochastic (55,5,3) is also approaching our major support and a bounce off this level might be a good precursor for a potential rise in price.

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