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USDCAD is approaching support, potential bounce

由Tickmill提供

USDCAD is approaching our support level at 1.27909 in line with our 61.8% Fibonacci retracement, 127.2% Fibonacci extension and horizontal pullback support, where we could see a potential bounce towards our first resistance target. Stochastic is approaching support as well where we could see a bounce above this level.

This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results

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