Potential reversal on USDCAD as it is approaching resistance!
Price is approaching our first resistance (horizontal swing high resistance, 61.8% Fibonacci extension, 78.6% Fibonacci retracement) where we might see a drop to our major support at 1.3404 (horizontal swing low support, 61.8% Fibonacci extension, 78.6% Fibonacci retracement).
Stochastic is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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