USDCAD testing major resistance, potential reversal level!
USDCAD is testing major resistance at 1.3023 (Fibonacci extension, horizontal swing high resistance) and a strong reaction could occur at this level to push prices down to major support at 1.2914 (Fibonacci retracement, horizontal pullback support).
Stochastic (89,5,3) is seeing major resistance at 98% where a corresponding reaction could occur. We have seen multiple corresponding reactions occur previously at this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (89,5,3) is seeing major resistance at 98% where a corresponding reaction could occur. We have seen multiple corresponding reactions occur previously at this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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