RealistFX

USDCAD - EXPECTING A BOUNCE

FX:USDCAD   U.S. Dollar / Canadian Dollar
Technicals:

4hr Support
Daily resistance
Daily support
4hr 200ema
long term descending TL
short term bullish fib
cup and handle technical formation

Would expect a bounce here at current price to at least the previous highs at 1.24500

Too many confluences to ignore: handle of the cup has formed, 61.8% fib, 4hr support, 200ema

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