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.


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