Could we see a bearish reversal from here?USD/CAD is reacting off the resistance level, which is an overlap resistance and could reverse from this level to our take profit.
Entry: 1.4022
Why we like it:
There is an overlap resistance level.
Stop loss: 1.4079
Why we like it:
There is a swing high resistance.
Take profit: 1.3947
Why we like it:
There is an overlap support that aligns with the 61.8% Fibonacci retracement.
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