USDCADUSD/CADOANDA:USDCADAsifAwan11Chart Patterns **Ascending Trendline Support: Price bounced from a rising trendline, acting as dynamic support. **Previous Horizontal Support Zone: Also aligns with the Fibonacci 0.5 level from the recent move. **Potential Double Bottom at support area (watch for confirmation with bullish momentum). Indicators RSI (Relative Strength Index): **Currently near the oversold region (~30), suggesting a potential bullish reversal. **Possible bullish divergence (price making higher lows while RSI makes lower lows – needs confirmation). Fibonacci Retracement **Fib levels from recent low to high are drawn. **Price bounced near the 50% retracement, a common reversal level.