USDCAD approaching ascending trendline support!

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Trading Recommendation

Entry: 1.41305

Reason for Entry: 50.0% Fibonacci retracement, Ascending trendline resistance.

Take Profit : 1.43489

Reason for Take Profit: 61.8% Fibonacci retracement, graphical swing high

Stop Loss: 1.40125

Reason for Stop loss: 78.6% Fibonacci extension

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