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. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.