USDCAD Approaching Resistance, Potential Reversal
USDCAD is approaching its resistance at 1.3262 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap resistance) where it is expected to reverse down to its support at 1.3218 (horizontal swing low support, 61.8% fibonacci retracement).
Stochastic (34, 5, 3) is approaching its resistance at 97% where a corresponding reversal is expected.
Stochastic (34, 5, 3) is approaching its resistance at 97% where a corresponding reversal is expected.
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