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USDCAD bounce in progress towards descending trendline resistance!

analytics5efa9c06543a2.jpg

Trading Recommendation

Entry: 1.36588

Reason for Entry: Moving average support

Take Profit: 1.36970

Reason for Take Profit: 78.6% Fibonacci retracement, descending trendline resistance.

Stop Loss: 1.36367

Reason for Stop Loss: -27.2% Fibonacci retracement, 100% Fibonacci extension

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