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ICmarkets
Nov 28, 2018 5:16 AM

USDCAD Approaching Resistance, Potential Reversal Short

U.S. Dollar/Canadian DollarFXCM

Description

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.
Comments
kingsanjose2011
I think Fundamentals plays in these pair especially issue with Oil
I_am_7harry
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