USD/CAD Testing Support, Prepare For Bounce

USD/CAD is testing its support at 1.2960 (61.8% Fibonacci extension, 61.8%, 50%, 38.2% Fibonacci retracement, horizontal swing low support) where the price is expected to bounce up to its resistance at 1.3086 (61.8% Fibonacci retracement, horizontal swing high resistance).

Stochastic (55, 5, 3) is testing its support at 3.7% where a corresponding bounce is expected.

USD/CAD is testing its support where we expect to see a bounce.

Buy above 1.2960. Stop loss at 1.2878. Take profit at 1.3086.

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