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

Entry : 1.3437

Why it's good : 61.8% Fibonacci retracement, 100% Fibonacci extension, horizontal pullback resistance

Stop Loss : 1.3499

Why it's good : 78.6% Fibonacci retracement

Take Profit : 1.3364

Why it's good : Horizontal pullback support, 38.2% Fibonacci retracement

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