USDCAD approaching resistance, potential drop!

2018년 11월 1일

USDCAD is approaching our first resistance at 1.3205 (horizontal swing high resistance, 61.8%, 100% Fibonacci extension, 78.6% Fibonacci retracement) where a strong drop might occur pushing price down to our major support at 1.3105 (horizontal swing low support, 61.8% Fibonacci extension).
Stochastic (89,5,3) is also approaching resistance and 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.