FX.co ★ USD/CAD approaching resistance, potential drop!

USDCAD is approaching our first resistance at 1.3399 (horizontal swing high resistance, 76.4% Fibonacci retracement , 61.8% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 1.3339 (50% Fibonacci retracement ).

Stochastic is also approaching resistance where we might see a corresponding drop in price.

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