USDCAD approaching resistance, potential drop!

٢٣ أبريل ٢٠١٩

USDCAD is approaching our first resistance at 1.3399 (horizontal swing high resistance, 76.4% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 1.3339 (horizontal swing low support, 50% Fibonacci retracement).
Stochastic is also approaching resistance where we might see a corresponding drop in price.
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