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FX.co ★ USD/CAD Reversed Off Resistance, Prepare For Further Drop

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Forex Analysis:::2018-11-14T05:41:47

USD/CAD Reversed Off Resistance, Prepare For Further Drop

USD/CAD reversed off its resistance at 1.3250 (100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing high resistance) where it is expected to drop further to its support at 1.3182 (38.2% Fibonacci retracement, horizontal overlap support).

Stochastic (55, 5, 3) reversed off its resistance at 97% where a corresponding drop is expected.

USD/CAD reversed off its resistance where we expect to see a further drop.

Sell below 1.3250. Stop loss at 1.3290. Take profit at 1.3182.

USD/CAD Reversed Off Resistance, Prepare For Further Drop

Analyst InstaForex
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