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U.S. Dollar / Canadian Dollar
Short

USDCAD Approaching Resistance, Potential Reversal

By ICmarkets
Broker
USDCAD is approaching its resistance at 1.3384 (100% Fibonacci extension, 76.4% & 50% Fibonacci retracement, horizontal swing high resistance, ascending channel resistance) where it could potentially reverse to its support at 1.3263 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal pullback support). Stochastic (55, 5, 3) is approaching its resistance at 95% where a corresponding reversal could occur.
audCADChart PatternschfEURHarmonic PatternsjpyNZDTrend AnalysisUSDUSDCAD
ICmarkets
Broker
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
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