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

USD/CAD is approaching its support at 1.3170 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal pullback support) where it could potentially bounce to its resistance at 1.3223 (50% Fibonacci retracement, horizontal pullback resistance).

Stochastic (89, 5, 3) is nearing its support at 0.38% where a corresponding bounce could occur.

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

Buy above 1.3166. Stop loss at 1.3124. Take profit at 1.3223.