Possible Bullish Move Off Support

OANDA:USDCAD   U.S. Dollar / Canadian Dollar
It looks like we could see a potential bullish move off the 1.24321(approx) level.

My reasoning for this is based on the current trend of higher highs and higher lows. You can see the support levels are pretty much at the same levels as the fib retracement of the latest big downtrend. The other things I like about this setup is being right of the lower Bband aswell as oversold on the Stochastic .

There is A Bank of Canada base rate announcement on the 18th so keep an eye out for that.


Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out