Get started
ICmarkets

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 aud NZD EUR chf jpy
74
2
trendanalysis harmonicpatterns chartpattern usdcad usd cad aud nzd eur chf jpy
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.
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.