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30.06.202004:08 Forex Analysis & Reviews: USDCAD bounce in progress towards descending trendline resistance!

Long-term review

Exchange Rates 30.06.2020 analysis

Trading Recommendation

Entry: 1.36588

Reason for Entry: Moving average support

Take Profit: 1.36970

Reason for Take Profit: 78.6% Fibonacci retracement, descending trendline resistance.

Stop Loss: 1.36367

Reason for Stop Loss: -27.2% Fibonacci retracement, 100% Fibonacci extension

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Dean Leo,
Analytical expert
InstaForex Group © 2007-2021
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