USD/CAD Long-Term Trend: Bullish
Key Resistance Levels: 1.2132, 1.2255, 1.2300
Key Support Levels: 1.2059, 1.2003, 1.1942
The price on the daily time frame is trending to the downside by posting lower lows and highs. Currently, the market failed to probe below the 1.2059 USD mark. we have a potential of a reversal where the market might start to trend to the upside.
USD/CAD Medium-Term Trend: Bullish
On the 1 – hour time frame, the pair succeeded to break the bearish channel to the upside where it holds above the highlighted zone further movement to the upside might be seen toward our target profit.
Buy Market Order @ 1.2085
TP 1 @ 1.2132
TP 2 @ 1.2255
Stop Loss @ 1.2061
Trade Safely 🙂