USDCAD testing resistance, potential drop!
USDCAD is testing our first resistance at 1.2993 (horizontal swing high resistance, 100% Fibonacci extension 78.6% Fibonacci retracement) and price might potentially drop to our first support at 1.2911 (horizontal pullback support, 38.2% Fibonacci retracement).
Stochastic (89,5,3) is also approaching resistance and a reaction off this level might see a corresponding drop in price.
Stochastic (89,5,3) is also approaching resistance and a reaction off this level might see a corresponding drop in price.
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