USDCAD testng resistance, potential reversal!
USDCAD is approaching its resistance at 1.3130 (100% Fibonacci extension x3, horizontal swing high resistance) where a reversal could occur, causing price to fall to its support at 1.2918 (100% Fibonacci extension, 74.6% Fibonacci retracement, horizontal swing low).
Stochastic (55, 5, 3) is approaching its resistance at 99% where a corresponding reversal could occur.
Stochastic (55, 5, 3) is approaching its resistance at 99% where a corresponding reversal could occur.
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