USD/CAD Long-Term Trend: Bullish
Key Resistance Levels: 1.3769, 1.3821, 1.3896
Key Support Levels: 1.3684, 1.3634, 1.3535
The price on the higher time frame has been in an uptrend for some time. It broke a resistance level of 1.3074 and sustained above that. Recently the pair has found support at the 1.3499 level and bounced back after testing that level.
USD/CAD Medium-Term Trend: Bullish
On the lower time frame, the pair is moving in the major trend’s direction. It has broken a consolidation zone of 1.3535 and 1.3634 to the upside and sustained above that. The pair has also broken and retested another level of 1.3684 before continuing the momentum.
Buy Limit Order @ 1.3727
TP 1 @ 1.3779
TP 2 @ 1.3883
Stop Loss @ 1.3675
Trade Safely 🙂