USDCAD Reversed Off Resistance, Potential Drop!

692
USDCAD reversed off its resistance at 1.3098 (100% Fibonacci extension, 76.4% & 50% Fibonacci retracement, horizontal swing high resistance) where it is expected to drop further to its support at 1.3021 (38.2% Fibonacci retracement, horizontal overlap support).
Stochastic (55, 5, 3) reversed off its resistance at 95% where a corresponding drop is expected.

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.