USDCAD approaching resistance, potential for drop!

USDCAD is approaching our first resistance at 1.3384 (horizontal pullback resistance, 76.4% Fibonacci retracement, 100% Fibonacci extension) and a strong reaction might occur below this level, pushing price down to our major support at 1.3011 (horizontal pullback support, 61.8% Fibonacci extension, 50% Fibonacci retracement).
Stochastic (89,5,3) is reacting off our resistance we might see a further corresponding drop in price.
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