USDCAD rising strongly, approaching strong resistance!

1 มี.ค. 2018

USDCAD is rising strongly and approaching major resistance at 1.2910 (Multiple Fibonacci extension, horizontal swing high resistance) and a strong reaction could occur at this level to push price down all the way to 1.2628 support (Fibonacci retracement, horizontal overlap support).

Stochastic (34,5,3) is seeing major resistance at 96% 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.