USDCAD is approaching our first resistance at 1.3105 (horizontal swing high resistance, 100% Fibonacci extension, 76.4% Fibonacci retracement, short term descending resistance line) where a strong drop might occur below this level pushing price down to our major support at 1.2855 (horizontal swing low support, 100% Fibonacci extension, 61.8% Fibonacci retracement). Stochastic (21,5,3) is also approaching our resistance where a reaction below this level 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.