USD/CAD Long-Term Trend: Bullish
Key Resistance Levels: 1.3385, 1.3452, 1.3498
Key Support Levels: 1.3249, 1.3204, 1.3064
The price on the higher time frame has been in an uptrend for quite some time and recently it has shown good momentum. The price has broken the level of 1.3079 and sustained above that. It has also broken a minor level of 1.3204 which shows a bullish bias.
USD/CAD Medium-Term Trend: Bullish
On the lower time frame, the pair is moving in the major trend’s direction. The price has shown a good bullish move and has broken a resistance level of 1.3204 and sustained above that. It has now also broken and retested a minor level of 1.3249 before continuing the momentum.
Buy Limit Order @ 1.3310
TP 1 @ 1.3376
TP 2 @ 1.3442
Stop Loss @ 1.3244
Trade Safely 🙂