FlowState

USDCAD approaching resistance, potential drop!

Kort
FX:USDCAD   USA-dollar/Kanadensisk dollar
USDCAD is approaching our first resistance at 1.3463 (horizontal swing high resistance, 100% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 1.3395 (horizontal pullback support, 38.2% Fibonacci retracement, 100% Fibonacci extension).
Stochastic is also approaching resistance where we might see a corresponding drop in price.
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Losses can exceed the initial investment so please ensure you fully understand the risks.

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