USD/CAD testing major resistance, prepare to sell

Price is now testing major resistance at 1.3653 (Fibonacci retracement, horizontal overlap resistance) and we expect a reaction from this level for a further drop to 1.3503 support (Fibonacci retracement, Elliott wave theory).

RSI (55,5,3) is seeing long term descending resistance holding price down really well.

Sell below 1.3653. Stop loss at 1.3708. Take profit at 1.3503.


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