USDCAD is testing the upside support
USDCAD bounced again from the support 1.2650 level after another false break above 1.2900. A break below 1.2650 would call for a deeper pullback to 1.2550. A confirmed bounce here is required for the upside extension and another test of 1.2900. As this is also a 61.8% retracement of the latest swing higher it offers a good RR long trade opportunity.
Note: look for the long trade entries with the stop loss below 1.2600
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