Klimex

SHORT USDCAD Index Approaching Resistance, Prepare For A Revers

Short
FX:USDCAD   U.S. Dollar / Canadian Dollar
USDCAD is approaching its resistance at 1.33759 (100% Fibonacci extension , 50% Fibonacci retracement , horizontal pullback resistance) where it could potentially drop to its support at 1.3346 (38.2% Fibonacci retracement ).

Stochastic (89, 5, 3) is approaching its resistance at 98% where a corresponding bounce could occur.
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