Pepperstone
Short

USDCAD Approaching Resistance, Potential Reversal!

FX:USDCAD   U.S. Dollar / Canadian Dollar
USDCAD is approaching its resistance at 1.3406 (61.8% & 100% Fibonacci extension , 76.4% Fibonacci retracement , horizontal swing high resistance) where it is could reverse down to its support at 1.3355 (50% Fibonacci retracement , horizontal swing low support).
Stochastic (89, 5, 3) is approaching its resistance at 98% where a corresponding reversal is expected.

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Disclaimer.
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