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Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

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USD/CAD approaching resistance, potential reversal coming!

Price is approaching our first resistance where we might see a corresponding drop in price.

Entry : 1.3522

Why it's good : 76.4% Fibonacci retracement, 61.8% Fibonacci extension, horizontal swing high resistance

Stop Loss : 1.3573

Why it's good : 100% Fibonacci extension

Take Profit : 1.3452

Why it's good : Horizontal pullback support, 76.4% Fibonacci retracement

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