USDCAD is approaching our first support at 1.3316(23.6%, horizontal overlap support) and a strong bounce might occur below this level pushing price up to our major resistance at 1.3367 (100% Fibonacci extension ,38.2% Fibonacci retracement ).
RSI (21) is also approaching support and we might see a corresponding bounce in price should it bounce off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks
RSI (21) is also approaching support and we might see a corresponding bounce in price should it bounce off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks