FX.co - USDCAD bounce in progress towards descending trendline resistance!

2020-07-01T03:29:59

Long-term review

Trading Recommendation

Entry: 1.35809

Reason for Entry: Moving average resistance, Ascending trendline resistance.

Take Profit: 1.34968

Reason for Take Profit:161.8% Fibonacci extension

Stop Loss: 1.36153

Reason for Stop Loss: 38.2% Fibonacci retracement

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Dean Leo

FX.co ★ USDCAD bounce in progress towards descending trendline resistance!