USDCAD bounce in progress towards descending trendline resistance!

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Trading Recommendation

Entry: 1.35809

Reason for Entry: Moving average resistance, Ascending trendline resistance.

Take Profit: 1.34968

Reason for Take Profit:161.8% Fibonacci extension

Stop Loss: 1.36153

Reason for Stop Loss: 38.2% Fibonacci retracement

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