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Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

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USD/CAD approaching a key support, potential for a bounce!

Price is approaching a key support at 1.3424 where it could potentially bounce to its resistance at 1.3455.

Entry : 1.3424

Why it's good : horizontal swing low support, 61.8% Fibonacci retracement, 100% Fibonacci extension

Stop Loss : 1.34030

Why it's good : horizontal swing low support, 78.6% Fibonacci retracement

Take Profit : 1.3455

Why it's good : 38.2% Fibonacci retracement, horizontal pullback resistance

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The material has been provided by InstaForex Company - www.instaforex.com