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 below this level. A break below our downside confirmation target could provide the bearish acceleration to our first support target.

Trading Recommendation

Entry: 1.3233

Reason for Entry:

horizontal swing low

Take Profit :1.3166

Reason for Take Profit: 78.6% fib extension

Stop Loss: 1.3306

Reason for Stop loss:

61.8% fib retracement