USDCAD broke below ascending trendline support! Further drop expected!

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Trading Recommendation

Entry: 1.35623

Reason for Entry: Graphical overlap

Take Profit: 1.34599

Reason for Take Profit: 161.8% fibonacci extension

Stop Loss: 1.35856

Reason for Take Profit: 38.2% Fibonacci retracement, moving average resistance

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