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U.S. Dollar / Canadian Dollar
Short

USDCAD testing resistance, potential reversal!

By ICmarkets
Broker

USDCAD is testing its resistance at 1.3213 (100% Fibonacci extension, horizontal overlap resistance) where price could potentially react off, causing it to fall to its support at 1.2956 (100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal swing low support).
Stochastic (55, 5, 3) is approaching resistance at 99% where a corresponding reaction 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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