USD/CAD Approaching Resistance, Prepare For Reversal

USD/CAD is approaching its resistance at 1.3372 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal swing high resistance) where it is expected to reverse down to its support at 1.3262 (61.8% Fibonacci retracement, horizontal overlap support).

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

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

Sell below 1.3372. Stop loss at 1.3441. Take profit at 1.3262.


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