FX.co - USD/CAD approaching support, potential bounce!

2019-06-10T02:35:04

Relevance until2019-06-11

Price is testing its support where we expect to see a bounce up to its resistance.

Entry : 1.3257

Why it's good : 61.8% Fibonacci retracement, 100% Fibonacci extension, horizontal swing low support

Stop Loss : 1.3170

Why it's good : 78.6% Fibonacci retracement

Take Profit : 1.3362

Why it's good : Horizontal pullback resistance, 38.2% Fibonacci retracement

USD/CAD approaching support, potential bounce!

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Dean Leo

FX.co ★ USD/CAD approaching support, potential bounce!