USDCAD testng resistance, potential reversal!
USDCAD is approaching its resistance at 1.3130 (100% Fibonacci extension x3, horizontal swing high resistance) where a reversal could occur, causing price to fall to its support at 1.2918 (100% Fibonacci extension, 74.6% Fibonacci retracement, horizontal swing low).
Stochastic (55, 5, 3) is approaching its resistance at 99% where a corresponding reversal could occur.
Stochastic (55, 5, 3) is approaching its resistance at 99% where a corresponding reversal 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.