USDCAD Approaching Resistance, Potential Reversal
USDCAD is approaching its resistance at 1.3121(100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal overlap resistance) where it could reverse down to its support at 1.3022(50% Fibonacci retracement, horizontal swing low support).
Stochastic (55, 5, 3) is approaching its resistance at 98% where a corresponding reversal could occur.
Stochastic (55, 5, 3) is approaching its resistance at 98% where a corresponding reversal could occur.
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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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