There is a possibility of USD/CAD continuing its bullish bounce towards the 1st resistance level at 1.32744, which is an overlap resistance. The 2nd resistance is found at 1.33237, acting as an overlap resistance that aligns with the 61.80% Fibonacci Retracement.
On the downside, the 1st support level at 1.32391 is an overlap support that aligns with the 23.6% Fibonacci Retracement. Additionally, the 2nd support level at 1.31940 represents an overlap support that aligns with the 50.0% Fibonacci Retracement.
The material has been provided by InstaForex Company – www.instaforex.com
There is a possibility of USD/CAD continuing its bullish bounce towards the 1st resistance level at 1.32744, which is an overlap resistance. The 2nd resistance is found at 1.33237, acting as an overlap resistance that aligns with the 61.80% Fibonacci Retracement.
On the downside, the 1st support level at 1.32391 is an overlap support that aligns with the 23.6% Fibonacci Retracement. Additionally, the 2nd support level at 1.31940 represents an overlap support that aligns with the 50.0% Fibonacci Retracement.
The material has been provided by InstaForex Company – www.instaforex.com
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