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 Testing Support, Prepare For A Bounce!

July 23, 2018 Analytics

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USD/CAD is testing its support at 1.3121 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, 50% Fibonacci retracement, horizontal swing low support) where a bounce up to its resistance at 1.3220 (61.8% Fibonacci retracement) is expected.

Stochastic (55, 5, 3) is approaching its support at 2.6% where a corresponding bounce could occur.

USD/CAD is testing its support where a bounce is expected.

Buy above 1.3121. Stop loss at 1.3057. Take profit at 1.3220.

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

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