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U.S. Dollar / Canadian Dollar
Short

USDCAD Reversed Off Resistance, Potential For A Further Drop

1 853
USDCAD reversed off its resistance at 1.3250 (100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing high resistance) where it could potentially drop further to its support at 1.3182 (38.2% Fibonacci retracement, horizontal overlap support). Stochastic (55, 5, 3) reversed off its resistance at 97% where a corresponding drop could occur.
ICmarkets
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IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
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audCADChart PatternsEURGBPjpyNZDTrend AnalysisUSDUSDCADWave Analysis

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audCADChart PatternsEURGBPjpyNZDTrend AnalysisUSDUSDCADWave Analysis
ICmarkets
Broker
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.