USD/CAD bounce in progress above support!

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Trading Recommendation

Entry: 1.30425

Reason for Entry:

50% Fibonacci retracement, graphical swing low

Take Profit : 1.30950

Reason for Take Profit: 161.80% Fibonacci extension, horizontal swing high

Stop Loss: 1.30052

Reason for Stop loss:

78.6% Fibonacci retracement

The material has been provided by InstaForex Company – www.instaforex.com