USDCAD is testing both its support and resistance!
USDCAD tested its resistance at 1.2896 (61.8% Fibonacci retracement, horizontal overlap resistance) and intermediate support at 1.2814 (23.6% Fibonacci retracement, horizontal overlap support). If it breaks past this intermediate support, it could potentially fall to its support at 1.2642 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support).
Stochastic (89, 5, 3) is rising up to its 97% resistance where a potential reaction could occur.
Stochastic (89, 5, 3) is rising up to its 97% resistance where a potential reaction could occur.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.