USDCAD testing major resistance, potential upcoming reversal!

26 בפבר׳ 2018

USDCAD is testing major resistance at 1.2755 (Fibonacci extension, Fibonacci retracement, horizontal overlap resistance, fake bullish exit) and a strong reaction could occur from here to push price down to 1.2448 support (Fibonacci retracement, horizontal swing low support).

Stochastic (34,5,3) is reacting nicely off our 95% resistance with good downside potential.

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