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USDCAD approaching resistance, potential drop!

Short
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
easyMarkets Broker  
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Chart Patterns Harmonic Patterns USDCAD USD CAD usdcadlong usdcadshort Forex forextrading
55
3
trendanalysis chartpattern harmonicpatterns usdcad usd cad usdcadlong usdcadshort forex forextrading
USDCAD is approaching our first resistance at 1.3366 (horizontal swing high resistance, 50% Fibonacci retracement, 161.8% Fibonacci extension) where a strong drop might occur to our major support at 1.3217 (50% Fibonacci retracement).
Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price.
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Losses can exceed the initial investment so please ensure you fully understand the risks.
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