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USD/CAD Potential Upward Movement

USD/CAD Long-Term Trend: Bullish

Key Resistance Levels: 1.3763, 1.3849, 1.3875

Key Support Levels: 1.3562, 1.3471, 1.3306

Daily Chart:

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

1-Hour Chart:

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.

Signal Idea:

Buy Stop Order @ 1.3647

TP 1 @ 1.3746

TP 2 @ 1.3845

Stop Loss @ 1.3548

Trade Safely 🙂

About Vipul Rathaur

A trader with more than six years of experience, Vipul is a discretionary trader and uses multi time frame analysis for his analysis and price action for his trade signals. Believes that risk management is the secret to making it in this world. He trades major Forex pairs, Indices, and Commodities.

3 comments

  1. Hey I wanted to thank you Mr Rathaur for all of these FANTASTIC signals we’ve been getting. Heck I can just stay here and get Rich hehe

  2. Wow guys really GREAT SIGS!!! Thanks so much!!

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