USDCAD approaching first support, potential bounce!

USCAD is approaching our first support at 1.2966 (horizontal overlap support, 76.4%, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) and a strong reaction might occur above this level pushing price up to our major resistance at 1.3039 (Horizontal pullback resistance, 23.6% Fibonacci retracement). Stochastic (89,5,3) is also approaching support where we might see a corresponding rise in price should it bounce off this level.
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