USDCAD testing major resistance, potential correction!
USDCAD is testing major resistance at 1.3023 (Fibonacci extension, Elliott wave structure) and a strong reaction could occur at this level to push prices down to major support at 1.2914 (Fibonacci retracement, Fibonacci extension, horizontal pullback support).
Stochastic (55,5,3) is also seeing major resistance below 98% where a corresponding reaction could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (55,5,3) is also seeing major resistance below 98% where a corresponding reaction could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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