USDCAD Potential For Bullish Rise for FX:USDCAD by VantageMarkets

On the H4, in MACD , the DIF is crossing above the signal line, and histograms are above the zero, we have a bullish bias that the price may rise from the buy entry at 1.27913, which is in line with the 23.6% fibonacci retracement and overlap resistance to the take profit at 1.28455, which is in line with the 23.6% fibonacci retracement , 38.2% fibonacci retracement and overlap support. Alternatively, the price may drop to the stop loss at 1.27265, which is in line with the swing low.

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