USDCAD approaching resistance, potential drop!
USDCAD is approaching our first resistance at 1.3468 (horizontal swing high resistance, 61.8% Fibonacci extension) where a strong drop might occur to our major resistance at support at 1.3340 (horizontal pullback support, 61.8% Fibonacci extension).
Stochastic (55,5,3) is also approaching support where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (55,5,3) is also approaching support where we might see a corresponding bounce in price.
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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