USDCAD approaching strong resistance, potential reversal!
USDCAD is approaching strong resistance at 1.3072 (Fibonacci extension, horizontal swing high resistance, Fibonacci retracement) and a strong reaction could occur at this level to push prices all the way down to major support at 1.2839 (Fibonacci retracement, horizontal swing low support, Fibonacci extension).
Stochastic (89,5,3) is seeing major resistance at 96% with good downside potential.
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 96% with good downside potential.
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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