USD/CAD approaching support, potential bounce!

Price is testing its support where we expect to see a bounce up to its resistance.

Entry : 1.3257

Why it's good : 61.8% Fibonacci retracement, 100% Fibonacci extension, horizontal swing low support

Stop Loss : 1.3170

Why it's good : 78.6% Fibonacci retracement

Take Profit : 1.3362

Why it's good : Horizontal pullback resistance, 38.2% Fibonacci retracement


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