USDCAD testing the downside resistance
USDCAD is testing the key uptrend support and downside resistance 1.2550. The bounce can lead to a test of 1.2750 for an extension higher. A break below can lead to a downside reversal pullback and extension to 1.2200. Break above 1.2600 is required for an upside test of 1.2750.
Note: you can enter the short trade upon a break below 1.2550 or a long trade upon a confirmed break above 1.2600
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