USDCAD holding below descending trendline resistance and also moving average. A short term drop below 1st resistance at 1.33806 towards 1st support at 1.33457 is possible.
Trading Recommendation
Entry: 1.33806
Reason for Entry:
50% fib retracement, moving average
Take Profit : 1.33457
Reason for Take Profit:
100% fib retracement
Stop Loss: 1.33964
Reason for Stop loss:
Recent swing high
