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USDCAD Approaching Resistance, Potential Reversal

Oleh ICmarkets
Broker
USDCAD is approaching its resistance at 1.3067 (61.8% Fibonacci extension x4, horizontal swing high resistance) where we a reversal could occur, causing price to fall to its support at 1.2862 (38.2% Fibonacci retracement, horizontal swing low).
Stochastic (55, 5, 3) is approaching its resistance at 97% where a corresponding reversal could occur.
CADChart PatternsForexforexsignalsHarmonic PatternsTrend AnalysisUSDUSDCADusdcadshort
ICmarkets
Broker
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
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