FX.co ★ USD/CAD testing major support, remains bullish

The price continues to drop strongly and seems to have turned a corner recently. We remain bullish above 1.3221 support (horizontal swing low support, horizontal overlap support, fake bearish breakout) for a corrective bounce up to 1.3387 resistance (Fibonacci retracement, horizontal pullback resistance).

Stochastic (55,5,3) is seeing strong support above 0.18% from where we're starting to see a nice bounce up.

Buy above 1.3221. Set top loss at 1.315 and take profit at 1.3387.