USDCAD testing strong support, potential drop if broken!
USDCAD is testing support at 1.2875 (fibonacci retracement, horizontal swing low support, ascending support) and breaking this level would trigger a strong drop to 1.2761 (fibonacci retracement, fibonacci extension, horizontal pullback support).
We can also see stochastic (89,5,3) reacting nicely off our 97% with good downside potential.
We can also see stochastic (89,5,3) reacting nicely off our 97% with good downside potential.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.