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USD/CAD approaching its resistance where we expect to see a reversal!

Price is approaching a key resistance at 1.3494 where it could potentially reverse to its resistance at 1.3452.

Entry : 1.3494

Why it's good : horizontal swing high resistance, 78.6% Fibonacci retracement, 100% Fibonacci extension

Stop Loss : 1.3525

Why it's good : horizontal swing high resistance

Take Profit : 1.3452

Why it's good : 38.2% Fibonacci retracement, horizontal pullback support

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