USDCAD Approaching Resistance, Potential Drop
USDCAD is approaching first resistance at at 1.3324 (100% Fibonacci extension , 78.6% Fibonacci retracement , Horizontal swing high resistance) where it could potentially to drop to its support at 1.3220(61.8% Fibonacci extension , 38.2% Fibonacci retracement , horizontal pullback support).
Stochastic (55, 5, 3) is approaching its resistance at 96% where a corresponding drop is expected.
Stochastic (55, 5, 3) is approaching its resistance at 96% where a corresponding drop is expected.
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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.