USCAD approaching support, potential bounce!

2018년 7월 4일

Price is approaching our first support at 1.3053 (horizontal pullback support, 61.8% Fibonacci extension, 23.6%, 38.2%, Fibonacci retracement) which coincides with our short term ascending support line, and a strong bounce might occur above this level pushing price up to our major resistance at 1.3222 (horizontal swing high resistance, 50% Fibonacci retracement).
Stochastic (89,5,3) is also approaching our major support and a bounce off this level might see a corresponding rise in price.
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