USDCAD testing strong support, potential drop if broken!
USDCAD is testing support at 1.2875 (fibonacci retracement, horizontal swing low support, ascending support) and breaking this level would trigger a strong drop to 1.2761 (fibonacci retracement, fibonacci extension, horizontal pullback support).
We can also see stochastic (89,5,3) reacting nicely off our 97% with good downside potential.
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
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