Prices are facing bullish pressure from ascending trendline support, which coincides with horizontal swing low support in line with 78.6% Fibonacci retracement and 61.8% Fibonacci extension . Prices might push up towards 1st resistance in line with horizontal swing high resistance, in line with 161.8% Fibonacci extension and 100% Fibonacci extension . If prices fall through 1st support, prices might take support on 2nd support, in line with 127.2% Fibonacci retracement and 78.6% Fibonacci extension . Stochastics is also approaching a 10.23 support level , with potential for a bounce.



more…

READ  USDCAD- steady short. for OANDA:USDCAD by JohnJavier99