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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