FX.co ★ USD/CAD Approaching Support, Prepare For A Bounce

USD/CAD is approaching its support at 1.3227(100% Fibonacci extension, 23.6% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 1.3323 (76.4% Fibonacci retracement, horizontal swing high resistance).

Stochastic (55, 5, 3) is approaching its support at 4.9% where a corresponding bounce could occur.

USD/CAD is approaching its support where we expect to see a bounce.

Buy above 1.3227. Stop loss at 1.3179. Take profit at 1.3323.