FX.co ★ USDCAD testing support, potential bounce!

Price is facing bullish pressure from our 1st support, where we could see a further bounce above this level. 1st support happens to be where the 100% fib extension is and could provide some support for USDCAD for price to bounce.

Trading Recommendation

Entry: 1.3155

Reason for Entry:

100% fib extension

Take Profit :1.3229

Reason for Take Profit: Horizontal swing high

Stop Loss: 1.3105

Reason for Stop loss:

168% fib extension