Konstantin Boykachev

CEO Proforexea LLC

Honest Coder

Professional Trader

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Konstantin Boykachev

CEO Proforexea LLC

Honest Coder

Professional Trader

Blog Post

USD/CAD Approaching Support, Prepare For A Bounce

September 14, 2018 Analytics

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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.

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The material has been provided by InstaForex Company – www.instaforex.com

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