FX.co - USD/CAD bounced off support, potential further rise!

2019-07-05T08:50:04

Relevance until2019-07-06

Price bounced off its support where we expect to see a further rise to its resistance.

Entry : 1.3041

Why it's good : 61.8% Fibonacci extension

Stop Loss : 1.2976

Why it's good : 78.6% Fibonacci retracement, 100% Fibonacci extension

Take Profit : 1.3095

Why it's good : 50% Fibonacci retracement, 61.8% Fibonacci extension, horizontal overlap resistance

USD/CAD bounced off support, potential further rise!

*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 bounced off support, potential further rise!