SHORT USDCAD Index Approaching Resistance, Prepare For A Revers
USDCAD is approaching its resistance at 1.33759 (100% Fibonacci extension , 50% Fibonacci retracement , horizontal pullback resistance) where it could potentially drop to its support at 1.3346 (38.2% Fibonacci retracement ).
Stochastic (89, 5, 3) is approaching its resistance at 98% where a corresponding bounce could occur.
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 approaching its resistance at 98% where a corresponding bounce could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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.