Today we are seeing a nice setup on USDCAD as it is testing its resistance which coincides with a Fibonacci retracement and extension. Stochastic is also approaching resistance and a reaction off this level might see a corresponding drop in price. We are also seeing a nice setup on XAUUSD as it is approaching our resistance where we expect a drop below this level. Here are some of our nice calls previously: 1. XAUUSD reversed nicely from our first resistance and is approaching our major support: 
2. We caught the breakout on CADJPY perfectly and it is dropping nicely from our first resistance: 
3. CHFJPY bounced perfectly from our first support to hit our major resistance target: 
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Desmond Leong runs an award-winning research firm (The Technical Analyst finalists 2018/19/20 for Best FX and Equity Research) advising banks, brokers and hedge funds. Backed by a team of CFA, CMT, CFTe accredited traders, he takes on the market daily using a combination of technical and fundamental analysis.