USDCAD - Retracement from key level

We may expect the price to retrace to retest the previous resistance if it is rejected from the Fib level again. On last Friday, we saw an interesting price rejection at the resistance which might develop in a pull back during the next week. Wait for a consistent rejection to enter the trade.

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Trade ativo:

Price retested the zone and was rejected. Waiting for consolidation and further drop.

Trade fechado manualmente:

Closed at 1.36