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USDCAD Approaching Resistance, Potential For A Reversal

Oleh ICmarkets
Broker
USDCAD is approaching its resistance at 1.2891(61.8% Fibonacci extension, 38.2% & 23.6% Fibonacci retracement, horizontal overlap resistance) where it is expected to reverse down to its support at 1.2791 (horizontal swing low support).
Stochastic (55, 5, 3) is approaching its resistance at 96% where a corresponding reversal is expected.
audCADChart PatternsEURGBPHarmonic PatternsTrend AnalysisUSDUSDCADusdcadshort
ICmarkets
Broker
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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