USDCAD Approaching Resistance, Potential Bounce!
USDCAD is approaching resistance at 1.2977 (100% Fibonacci extension, 50% & 23.6% Fibonacci retracement, horizontal overlap resistance) where it could potentially reverse down to its support at 1.2913 (horizontal swing low support).
Stochastic (55, 5, 3) is approaching its resistance at 98% where a corresponding reversal could occur.
Stochastic (55, 5, 3) is approaching its resistance at 98% where a corresponding reversal could occur.
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