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USDCAD is approaching 1st resistance, possible reversal!

analytics5eec5a2146230.jpg

Trading Recommendation

Entry: 1.3621

Reason for Entry: horizontal swing high, 61% fib retracement

Take Profit :1.3490

Reason for Take Profit: 61% fibonacci extension, horizontal pullback support

Stop Loss:1.3734

Reason for Stop loss: Horizontal swing high resistance

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