easyMarkets

USDCAD approaching support, potential bounce!

Panjang
FX:USDCAD   Dolar A.S. / Dolar Kanada
USDCAD is approaching our first support at 1.3068 (horizontal overlap support, 50% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 1.3285 (horizontal swing high resistance, 76.4% Fibonacci retracement). A breakout above our intermediate resistance at 1.3187 (horizontal swing high resistance, 100% Fibonacci extension) might provide the bullish acceleration to our major resistance level. Ichimoku cloud is also showing signs of bullish pressure in line with our bullish bias.
RSI (89) is also seeing a bearish exit where a bounce off this level might see a corresponding rise in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.

Come join us today at : www.easymarkets.com/
Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.