USDCAD approaching support, potential bounce!

Panjang

Dolar A.S. / Dolar Kanada (FX:USDCAD)

FX:USDCAD Dolar A.S. / Dolar Kanada

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USDCAD is approaching our first support at 1.3142 (horizontal overlap support, 61.8% Fibonacci retracement, 100% Fibonacci extension, ascending channel’s support) where a strong bounce might occur below this level pushing price up to our major resistance at 1.3260 (horizontal swing high resistance, 78.6% Fibonacci retracement, 100%, 61.8% Fibonacci extension).
Stochastic (21,5,3) is also approaching support where we might see a corresponding bounce in price.
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