FX.co ★ USDCAD retesting 1st resistance , potential for further drop !

Price is facing bearish pressure from our 1st resistance, where we could see a further drop towards 1st support. EMA is also indicating more bearishness to come .

Trading Recommendation

Entry: 1.32191

Reason for Entry:

38% fib retracement

Take Profit :1.3143

Reason for Take Profit: Horizontal swing low

Stop Loss: 1.3228

Reason for Stop loss:

Horizontal swing high