USDCAD rising strongly, approaching strong resistance!

1 במרץ 2018

USDCAD is rising strongly and approaching major resistance at 1.2910 (Multiple Fibonacci extension, horizontal swing high resistance) and a strong reaction could occur at this level to push price down all the way to 1.2628 support (Fibonacci retracement, horizontal overlap support).

Stochastic (34,5,3) is seeing major resistance at 96% where a corresponding reaction could occur.

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