USDCAD Approaching Resistance, Potential Reversal!
USDCAD is approaching resistance at 1.3408 (100% Fibonacci extension x3, 78.6% Fibonacci retracement, horizontal pullback resistance) where a reversal could occur, causing price to drop to its support at 1.2828 (100% Fibonacci extension, horizontal swing low support).
Stochastic (55, 5, 3) is testing its resistance at 97% where a corresponding reversal could occur.
Stochastic (55, 5, 3) is testing its resistance at 97% where a corresponding reversal could occur.
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