USDCAD is testing our first resistance at 1.3238 where we are expecting a drop below this level.
Entry :1.3238
Why it's good : 38.2% Fibonacci retracement, 50% Fibonacci retracement, horizontal overlap resistance
Stop Loss : 1.3297
Why it's good : 50% Fibonacci retracement
Take Profit : 1.3107
Why it's good : horizontal overlap support, 61.8% Fibonacci retracement