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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 right at selling area, remain bearish

Price is right at our major resistance at 1.3000 (Fibonacci retracement, Fibonacci projection, horizontal pullback resistance), where we expect a reaction from and a drop to at least 1.2765.

RSI (34) is testing resistance area now and also signaling a looming drop.

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Sell below 1.3000. Stop loss at 1.3100. Take profit at 1.2765.

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