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USDCAD testing resistance, potential drop!

Oleh ICmarkets
Broker
USDCAD is testing our first resistance at 1.2993 (horizontal swing high resistance, 100% Fibonacci extension 78.6% Fibonacci retracement) and price might potentially drop to our first support at 1.2911 (horizontal pullback support, 38.2% Fibonacci retracement).
Stochastic (89,5,3) is also approaching resistance and a reaction off this level might see a corresponding drop in price.
CADChart PatternsForexforexsignalsforextradingHarmonic PatternsTrend AnalysisUSDUSDCADusdcadlongusdcadshort
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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