TradingView
gpuri
Aug 6, 2014 9:51 PM

USDCAD Key Resistances @ 0.382 Fib and 0.618 Fib Extension Long

U.S. Dollar/Canadian DollarFXCM

Description

If USDCAD breaks the key @ 0.382 Fib level and structural resistance @ 1.1260 handle (Target TG1), the next possible stop is at 0.618 Fib and long term resistance level (Target TG2). Otherwise it may fall back to it's strong support level @ 1.0635. (Alt Target TG2)

There is also a Bullish hidden divergence on weekly which may possibly drive the prices to atleast TG1 level
More