The USD/CAD chart displays a neutral trend, suggesting price may range between the 1st support and resistance. The 1st support at 1.3472 aligns with the 127.20% Fibonacci extension, while the 2nd support at 1.3435 coincides with multiple Fibonacci levels. On the upside, resistances are at 1.3497 (pullback resistance) and 1.3539, which is a swing-high resistance matched with the 78.60% Fibonacci retracement.
The material has been provided by InstaForex Company – www.instaforex.com
The USD/CAD chart displays a neutral trend, suggesting price may range between the 1st support and resistance. The 1st support at 1.3472 aligns with the 127.20% Fibonacci extension, while the 2nd support at 1.3435 coincides with multiple Fibonacci levels. On the upside, resistances are at 1.3497 (pullback resistance) and 1.3539, which is a swing-high resistance matched with the 78.60% Fibonacci retracement.
The material has been provided by InstaForex Company – www.instaforex.com
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