ICmarkets
Short

USDCAD Approaching Resistance, Potential Reversal

FX:USDCAD   U.S. Dollar / Canadian Dollar
USDCAD is approaching its resistance at 1.3384 (100% Fibonacci extension , 76.4% & 50% Fibonacci retracement , horizontal swing high resistance, ascending channel resistance) where it could potentially reverse to its support at 1.3263 (100% Fibonacci extension , 50% Fibonacci retracement , horizontal pullback support). Stochastic (55, 5, 3) is approaching its resistance at 95% where a corresponding reversal could occur.
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Comments

I think Fundamentals plays in these pair especially issue with Oil
+1 Reply
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