USD/CAD is approaching its support at 1.2966(61.8% Fibonacci extension x3, 76.4% Fibonacci retracement, horizontal pullback support) where it could potentially bounce to its resistance at 1.3039 (23.6% Fibonacci retracement, horizontal pullback resistance).
Stochastic (89, 5, 3) is approaching its support at 2.7% where a corresponding bounce could occur.
USD/CAD is approaching its support where we expect to see a bounce.
Buy above 1.2966. Stop loss at 1.2933. Take profit at 1.3039.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.