logo

FX.co ★ USD/CAD right at selling area, remain bearish

USD/CAD right at selling area, remain bearish

Price is right at our major resistance at 1.3000 (Fibonacci retracement, Fibonacci projection, horizontal pullback resistance), where we expect a reaction from and a drop to at least 1.2765.

RSI (34) is testing resistance area now and also signaling a looming drop.

USD/CAD right at selling area, remain bearish

Sell below 1.3000. Stop loss at 1.3100. Take profit at 1.2765.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
Go to the articles list Go to this author's articles Open trading account