USD/CAD at major resistance, time to sell

Price is seeing major resistance at 1.3430 (Fibonacci retracement, descending resistance) and we expect to see a reaction from this level for a drop to at least 1.3100 (Fibonacci retracement, swing low support).

Stochastic (34,5,3) is seeing a reversal from the 96% resistance level.

Sell below 1.0430. Stop loss at 1.3540. Take profit at 1.3100.

The material has been provided by InstaForex Company - www.instaforex.com

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