FX.co ★ USD/CAD Approaching Resistance, Prepare For A Reversal

USD/CAD is approaching its resistance at 1.3366 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal swing high resistance) where it is expected to reverse down to its support at 1.3234 (50% Fibonacci retracement, horizontal swing low support).

Stochastic (55, 5, 3) is approaching its resistance at 97% where a corresponding reversal is expected.

USD/CAD is approaching its resistance where we expect to see a reversal.

Sell below 1.3366. Stop loss 1.3446. Take profit at 1.3234.