USD/CAD Long-Term Trend: Bullish
Key Resistance Levels: 1.3044, 1.3098, 1.3143
Key Support Levels: 1.2947, 1.2887, 1.2823
The price on the higher time frame has been in a consolidation zone recently and it has found support at the 1.2725 level. The pair has bounced after testing the support zone and has broken the resistance level of 1.2904 with good momentum.
USD/CAD Medium-Term Trend: Bullish
On the lower time frame, the pair is moving in the major trend’s direction. The price has been in an uptrend and it consolidated for some time recently. It has found support at the 1.2887 level. It has broken and retested another level of 1.2947 before continuing the momentum.
Buy Stop Order @ 1.2977
TP 1 @ 1.3026
TP 2 @ 1.3124
Stop Loss @ 1.2928
Trade Safely 🙂