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USDCAD reversing below ascending trendline/channel resistance!

analytics5ef02456609a0.jpg

Trading Recommendation

Entry: 1.36023

Reason for Entry: Market price

Take Profit: 1.35591

Reason for Take Profit: 100% Fibonacci extension, ascending trendline support (channel support)

Stop Loss: 1.36303

Reason for Stop Loss: 88% Fibonacci extension, ascending trendline resistance (channel resistance)

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