USDCAD is approaching our first resistance at 1.3396 (horizontal overlap resistance, 61.8% Fibonacci retracement, 100% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 01.3327 (61.8% Fibonacci retracement, 61.8% Fibonacci extension).
Stochastic (34,5,3) is also approaching resistance and seeing a bearish divergence where we might see a corresponding drop in price.
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