USDCAD approaching resistance, potential drop!
USDCAD is approaching our first resistance at 1.2919 (horizontal pullback resistance) and a strong reaction might occur below this level pushing price down to our major support at 1.2743 (horizontal swing low support).
Stochastic (89,5,3) is seeing a bearish divergence and reacting off our resistance where we might see a corresponding 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 (89,5,3) is seeing a bearish divergence and reacting off our resistance where we might see a corresponding drop in price.
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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