USD/CAD Long-Term Trend: Bullish
Key Resistance Levels: 1.27629, 1.28305, 1.28949.
Key Support Levels: 1.26973, 1.25880, 1.25800.
The price on the higher time frame succeeded to break the 1.26973 CAD mark by posting an engulfing bullish pattern under it. We expect further movement to the upside in the same direction of the main trend toward the 1.27629 CAD level.
USD/CAD Medium-Term Trend: Bullish
On the lower time frame, the pair succeeded to break the bullish flag to the upside where it is retracing now to the 1.26973 CAD mark before a new impulsive wave toward the target profit which is the 1.27622 CAD level.
Buy Limit Order @ 1.26989
TP 1 @ 1.27622
TP 2 @ 1.28305
Stop Loss @ 1.26720
Trade Safely 🙂