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USD/CAD pull back in progress below resistance. Further drop expected!

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Trading Recommendation

Entry: 1.30437

Reason for Entry:

Horizontal swing high, 38.2% Fibonacci retracement, 78.6% Fibonacci extension

Take Profit : 1.3000

Reason for Take Profit: 50.0% Fibonacci retracement

Stop Loss: 1.30950

Reason for Stop loss:

61.8% Fibonacci retracement

The material has been provided by InstaForex Company - www.instaforex.com