USDCAD approaching resistance, potential drop!
USDCAD is approaching our first resistance at 1.2896 (horizontal swing high resistance, 61.8% Fibonacci retracement). A strong reaction might occur below this level, pushing price down to our major support at 1.2816 (horizontal swing low support, 61.8% Fibonacci extension, 23.6% Fibonacci retracement).
Stochastic (34,5,3) is also approaching our major resistance and a reaction off this level might be a good precursor for a potential drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (34,5,3) is also approaching our major resistance and a reaction off this level might be a good precursor for a potential drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Come join us today at : easymarkets.com/
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.