USDCAD at or near Support. UC due for a bounce?

UC approaching a couple of support zones.
If these zones do not bounce the price, then it will head much lower.
Watching closely.

Kommentar:

Decent bounce out of support zone, but bulls need to break this 1.618 to get more bulls on board

Kommentar:

Above initial support did not hold, neither did the second one. But now we are coming back up to ''previous'' support. Question is whether it will turn into Resistance now

Kommentar:

Nice! previous support Pierced with Vigor

Kommentar:

Here we are, back in the zones

Zooming in, my miscalculation becomes obvious. I expected the 4x band to hold it, but turns out it was the 5x band

Another look with the colored bands for better contrast