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U.S. Dollar / Canadian Dollar
Short

USDCAD Testing Resistance, Potential For A Reversal

2 012
USDCAD is testing its resistance at 1.3066 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where it could reverse down to its support at 1.2999 (50% Fibonacci retracement, horizontal pullback support).
Stochastic (55, 5, 3) is approaching its resistance at 96%.
ICmarkets
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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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audCADChart PatternsEURGBPHarmonic PatternsTrend AnalysisUSDUSDCADusdcadshort

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audCADChart PatternsEURGBPHarmonic 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.
Also on:

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.