USD/CAD right at selling area, remain bearish

Price is right at our major resistance at 1.3000 (Fibonacci retracement, Fibonacci projection, horizontal pullback resistance), where we expect a reaction from and a drop to at least 1.2765.

RSI (34) is testing resistance area now and also signaling a looming drop.

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Sell below 1.3000. Stop loss at 1.3100. Take profit at 1.2765.

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

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