USD/CAD approaching support, potential bounce!
USD/CAD is approaching our first support at 1.3241 (horizontal pullback support, 61.8% Fibonacci retracement , 100%, 61.8% Fibonacci extension) where a strong bounce might occur above this level to our major resistance at 1.3381 (horizontal pullback resistance, 61.8% Fibonacci retracement).Stochastic (34,5,3) is nearing support as well. Trading CFDs on margin carries high risk. Losses can exceed the initial investment, so please ensure you fully understand the risks.
Jeff Wecker