Dollar A.S. / Dollar KanadaPenjualan
#USDCAD approaching pivot, potential for a drop!
Description
Price is reacting below our pivot level at 1.28369 which is in line with 78.6% Fibonacci retracement levelhorizontal swing high resistance. Price can potentially take support at 1.27325, which is in line with 78.6% Fibonacci retracement levelhorizontal overlap support. Alternatively, price may rise up to our resistance at 1.28973, which coincides with 127.2% Fibonacci extension levelhorizontal swing high resistance . This is further supported by how price is likely to reverse off the Stochastic resistance level.
Pivot:
1.28369
Why we like it:
78.6% Fibonacci retracement levelhorizontal swing high resistance
1st Support:
1.27325
Why we like it:
78.6% Fibonacci retracement levelhorizontal overlap support
1st Resistance:
1.28973
Why we like it:
127.2% Fibonacci extension levelhorizontal swing high resistance
Trading FX & CFDs carries high risk.
Price is reacting below our pivot level at 1.28369 which is in line with 78.6% Fibonacci retracement levelhorizontal swing high resistance. Price can potentially take support at 1.27325, which is in line with 78.6% Fibonacci retracement levelhorizontal overlap support. Alternatively, price may rise up to our resistance at 1.28973, which coincides with 127.2% Fibonacci extension levelhorizontal swing high resistance . This is further supported by how price is likely to reverse off the Stochastic resistance level.
Pivot:
1.28369
Why we like it:
78.6% Fibonacci retracement levelhorizontal swing high resistance
1st Support:
1.27325
Why we like it:
78.6% Fibonacci retracement levelhorizontal overlap support
1st Resistance:
1.28973
Why we like it:
127.2% Fibonacci extension levelhorizontal swing high resistance
Trading FX & CFDs carries high risk.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.