USD/CAD Long-Term Trend: Bullish
Key Resistance Levels: 1.2635, 1.2701, 1.2778
Key Support Levels: 1.2575, 1.2524, 1.2457
The price on the higher time frame has been in a downtrend for the last many days and recently we saw rejection candles from the downside. Price has broken a small resistance point of 1.2575 and has maintained to trade above that. With good momentum, expect to see some good run.
USD/CAD Medium-Term Trend: Bullish
On the lower time frame, the price is moving in a higher-low, higher-high formation after breaking the consolidation zone. Recently price has broken a trendline channel and showing signs of strength.
Buy Limit Order @ 1.2591
TP 1 @ 1.2671
TP 2 @ 1.2711
Stop Loss @ 1.2550
Trade Safely 🙂