USD/CAD Potential Upward Movement

USD/CAD Long-Term Trend: Bullish

Key Resistance Levels: 1.37295, 1.37796, 1.38601

Key Support Levels: 1.36354, 1.35875, 1.35412 

Daily Chart:

The price on the higher time frame has recently been in an uptrend. It tested a support level of 1.34383 and bounced back. The pair has broken a few resistance levels which suggests further trend continuation.

USD/CAD Medium-Term Trend: Bullish

1-Hour Chart:

On the lower time frame, the pair is moving in the major trend’s direction. It broke a zone recently to shift the short-term trend to bullish. As of now the pair has broken and retested a minor level of 1.36354 before continuing the momentum.

Signal Idea:

Buy Limit Order @ 1.36755

TP @ 1.37178

Stop Loss @ 1.36332

Trade Safely 🙂