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Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

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USD/CAD approaching resistance, potential reversal!

Price approaching its resistance at 1.3238 where it could potentially drop to its support.

Entry: 1.3238

Why it's good : 61.8% Fibonacci extension, 50% Fibonacci retracement, Horizontal pullback resistance

Stop Loss : 1.3287

Why it's good : 100% Fibonacci extension

Take Profit : 1.3154

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

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The material has been provided by InstaForex Company - www.instaforex.com