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USDCAD Approaching Resistance, Potential Reversal

Short
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
ICmarkets Broker  
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Harmonic Patterns Chart Patterns USDCAD USD CAD usdcadshort GBP aud EUR
143
8
trendanalysis harmonicpatterns chartpattern usdcad usd cad usdcadshort gbp aud eur
USDCAD is approaching its resistance at 1.3121(100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal overlap resistance) where it could reverse down to its support at 1.3022(50% Fibonacci retracement, horizontal swing low support).
Stochastic (55, 5, 3) is approaching its resistance at 98% where a corresponding reversal could occur.
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