USD/CAD Long-Term Trend: Bullish
Key Resistance Levels: 1.3763, 1.3849, 1.3875
Key Support Levels: 1.3562, 1.3471, 1.3306
The price on the higher time frame has been in an uptrend for some time after it broke the consolidation zone of 1.2456 and 1.2803. The pair also broke another resistance level of 1.3074 recently and has been showing great 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 shown good strength and has broken a resistance level of 1.3306. It found support at the 1.3471 level and bounced back after testing it. The pair has also broken and retested a minor level of 1.3562 before continuing the momentum.
Buy Stop Order @ 1.3647
TP 1 @ 1.3746
TP 2 @ 1.3845
Stop Loss @ 1.3548
Trade Safely 🙂