USDCAD Approaching Resistance, Potential Reversal
USDCAD is approaching its resistance at 1.3796 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance, ascending channel resistance) where it could potentially reverse to its support at 1.3421 (61.8% Fibonacci extension, 23.6% Fibonacci retracement , horizontal overlap support).
Stochastic (89, 5, 3) is approaching its resistance at 99% where a corresponding reversal could occur.
Stochastic (89, 5, 3) is approaching its resistance at 99% where a corresponding reversal could occur.