USD/CAD Long-Term Trend: Bullish
Key Resistance Levels: 1.27620, 1.28083, 1.28953.
Key Support Levels: 1.26039, 1.25903, 1.24966.
Daily Time Frame:
The price on the higher time frame is in a clear uptrend where we can see a series of higher highs and lows. The market found support around the 1.26784 CAD mark which could lead to the end of the correction and then a new impulsive wave to the upside.
USD/CAD Medium-Term Trend: Bullish
1-Hr Time Frame:
On the lower time frame, the price is traded inside a bullish flag where it found buyers near the 61.80 % Fibonacci retracement which indicates the end of the correction and then a move to the upside toward the target profits indicated below.
Buy Limit Order @ 1.26603
TP 1 @ 1.27345
TP 2 @ 1.28083
Stop Loss @ 1.26380
Trade Safely 🙂