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U.S. Dollar / Canadian Dollar
Short

USDCAD Testing Resistance, Prepare For Reversal

By ICmarkets
Broker
USDCAD is testing its resistance at 1.3115 (100% Fibonacci extension, 78.6% Fibonacci retracement, horizontal overlap resistance) where a reversal to its support at 1.3064 (23.6% Fibonacci retracement, horizontal overlap support)could.
Stochastic (55, 5, 3) has reversed off its resistance at 96% where a corresponding drop could occur.
CADChart PatternsForexforexsignalsforexsignalsHarmonic 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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