USDCAD testing major resistance, prepare for potential reversal!
USDCAD is testing major resistance at 1.2842 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) and we could see a strong reaction off this level to push prices down towards major support at 1.2750 (Fibonacci extension, horizontal swing low support).
Stochastic (34,5,3) is seeing major resistance below 94% where a corresponding reaction could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (34,5,3) is seeing major resistance below 94% where a corresponding reaction could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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