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FX.co ★ USD/CAD approaching its key resistance where we could see a reversal occur!

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Forex Analysis:::2019-05-09T01:58:58

USD/CAD approaching its key resistance where we could see a reversal occur!

Price is approaching a key resistance at 1.3490 where it could potentially reverse to its support at 1.3444.

Entry : 1.3490

Why it's good : horizontal swing high resistance, 78.6% Fibonacci retracement, 100% & 61.8% Fibonacci extension

Stop Loss : 1.3528

Why it's good : horizontal swing high resistance

Take Profit : 1.3444

Why it's good : 61.8% Fibonacci retracement, horizontal swing low support

USD/CAD approaching its key resistance where we could see a reversal occur!

Analyst InstaForex
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