USDCAD is approaching our first support at 1.3057 (horizontal swing low support, 100% Fibonacci extension, 38.2% Fibonacci retracement, ascending channel’s support) where we might see a corresponding bounce in price to our major resistance at 1.3228 (horizontal overlap resistance, 61.8% Fibonacci retracement). Stochastic (34,5,3) is also seeing a bullish divergence and is approaching support where we might see a corresponding bounce in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.