USD/CAD Approaching Resistance, Prepare For A Reversal

USD/CAD is approaching its resistance at 1.3116 (61.8% & 100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where it is expected to reverse down to its support at (50% Fibonacci retracement, horizontal overlap support). Stochastic (55, 5, 3) is approaching its resistance at 96% where a corresponding reversal is expected.

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

Sell below 1.3116. Stop loss at 1.3141. Take profit at 1.3055.

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