USDCAD Approaching Resistance, Potential Reversal!
USDCAD is approaching resistance at 1.3408 (100% Fibonacci extension x3, 78.6% Fibonacci retracement, horizontal pullback resistance) where a reversal could occur, causing price to drop to its support at 1.2828 (100% Fibonacci extension, horizontal swing low support).
Stochastic (55, 5, 3) is testing its resistance at 97% where a corresponding reversal could occur.
Stochastic (55, 5, 3) is testing its resistance at 97% 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.