FX.co ★ USD/CAD right at selling area, time to sell

The price is now testing major resistance at 1.2908 (Fibonacci extension, horizontal swing high resistance) and a strong reaction could occur at this level to push the price back down towards 1.2731 support (Fibonacci retracement, horizontal overlap support, Fibonacci extension).

Stochastic (34,5,3) is seeing major resistance at 97% where a corresponding reaction could occur.

Sell below 1.2908. Stop loss at 1.2983. Take profit at 1.2731.