USDCAD is approaching strong resistance at 1.3072 (Fibonacci extension, horizontal swing high resistance, Fibonacci retracement) and a strong reaction could occur at this level to push prices all the way down to major support at 1.2839 (Fibonacci retracement, horizontal swing low support, Fibonacci extension). Stochastic (89,5,3) is seeing major resistance at 96% with good downside potential.
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