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U.S. Dollar / Canadian Dollar
Short

USDCAD testing strong support, potential drop if broken!

By ICmarkets
Broker
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.
Bitcoin (Cryptocurrency)BTCUSDCADChart PatternsForexforexsignalsHarmonic PatternsTrend AnalysisUSDUSDCADusdcadlongusdcadshort
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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