Entry : 1.2973 Why it's good : horizontal overlap resistance, 23.6% fibonacci retracement, short term descending line Stop Loss : 1.30349 Why it's good : horizontal swing high resistance, 50% fibonacci retracement Take Profit : 1.2774 Why it's good : horizontal swing low support, 61.8% fibonacci retracement

USDCAD is approaching our first resistance at 1.3399 (horizontal swing high resistance, 76.4% Fibonacci retracement , 61.8% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 1.3274 (100% Fibonacci extension , horizontal swing low support).Stochastic is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.

NZDUSD is approaching our first resistance at 0.6725 (horizontal pullback resistance, 23.6% Fibonacci retracement ) where a strong drop might occur below this level pushing price down to our major support at 0.6554 (100% Fibonacci extension , 76.4% Fibonacci retracement ). Ichimoku cloud is also showing signs of bearish pressure. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.

USDJPY is approaching our first resistance at 112.12 (horizontal swing high resistance, 76.4% Fibonacci retracement , 61.8% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 111.35 (61.8% Fibonacci retracement ). Stochastic is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.

USDCAD is approaching our first resistance at 1.3399 (horizontal swing high resistance, 76.4% Fibonacci retracement , 61.8% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 1.3339 (50% Fibonacci retracement ). Stochastic is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.