USDCAD is approaching its resistance at 1.3121(100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal overlap resistance) where it could reverse down to its support at 1.3022(50% Fibonacci retracement, horizontal swing low support). Stochastic (55, 5, 3) is approaching its resistance at 98% where a corresponding reversal could occur.
@Alizada, great idea! Why do you think that price would break 1.302 though?
Alizada
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@ICmarkets, we have downtrend in daily time frame also in couple weeks USD get stronger and this week will be weaker so if the USD weaker CAD will be stronger so it will fall more in a longer time.
saeed_7676
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awesome view
gutermuthpantzartzis
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Thanks!
labrunanyakundi
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Please share more of your views on USDCAD, really love them..!
powvhhnkrs
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Please keep contributing to this community
DavidRenfro
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Inverse H&S just completed, so we could see a re=test of neckline.