USDCAD Testing Resistance, Potential For A Reversal
USDCAD is testing its resistance at 1.3066 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where it could reverse down to its support at 1.2999 (50% Fibonacci retracement, horizontal pullback support).
Stochastic (55, 5, 3) is approaching its resistance at 96%.
Stochastic (55, 5, 3) is approaching its resistance at 96%.
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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.
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