easyMarkets
Short

USDCAD approaching resistance, potential drop!

FX:USDCAD   U.S. Dollar / Canadian Dollar
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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USDCAD D1 Critical Point. Checkout the idea detail's and update's for the complete picture.
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The real support is on 1.29100 :) Before this months end we will see this :) Peace
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suggestion, is important to show the time frame in the chart! is more easy for us to make time relation.
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