FX.co - USD/CAD approaching its resistance where we expect to see a reversal!

2019-05-14T02:05:16

Relevance until2019-05-15

Price is approaching a key resistance at 1.3494 where it could potentially reverse to its resistance at 1.3452.

Entry : 1.3494

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

Stop Loss : 1.3525

Why it's good : horizontal swing high resistance

Take Profit : 1.3452

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

USD/CAD approaching its resistance where we expect to see a reversal!

*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 resistance where we expect to see a reversal!