FX.co - USD/CAD approaching its key resistance where we could see a reversal occur!

2019-05-09T01:58:58

Relevance until2019-05-10

Price is approaching a key resistance at 1.3490 where it could potentially reverse to its support at 1.3444.

Entry : 1.3490

Why it's good : horizontal swing high resistance, 78.6% Fibonacci retracement, 100% & 61.8% Fibonacci extension

Stop Loss : 1.3528

Why it's good : horizontal swing high resistance

Take Profit : 1.3444

Why it's good : 61.8% Fibonacci retracement, horizontal swing low support

USD/CAD approaching its key resistance where we could see a reversal occur!

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Dean Leo

FX.co ★ USD/CAD approaching its key resistance where we could see a reversal occur!