USD/CAD Rejection Happens After A Retracement

The USD/CAD has formed a retracement pattern. There are two rejection points where we might see the drop from.

The first POC zone is exactly at 1.2770-80. The confluence of descending trendline 50.0 and D H3 camarilla resistance constitute the POC. If the price retraces higher, we should see 1.2810-20 and this is the final point where we could see the price rejection. Targets are 1.2741 and 1.2722.

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