USD/CAD Long-Term Trend: Bullish
Key Resistance Levels: 1.26961, 1.27341, 1.28000.
Key Support Levels: 1.26291, 1.25619, 1.25227.
The price on the higher time frame found support around the 1.25227 CAD mark where it reversed and moved higher. It left a huge fake breakout to the downside and now it is traded above the 1.26291 CAD level. we expect further movement to the upside in the coming hours.
USD/CAD Medium-Term Trend: Bullish
On the lower time frame, the pair succeeded to break the trend line to the upside after posting a double bottom. The market is ranging above the 1.26291 CAD mark and we expect a new impulsive wave to the upside toward the targe profit.
Buy Limit Order @ 1.26305
TP 1 @ 1.26940
TP 2 @ 1.27341
Stop Loss @ 1.26000
Trade Safely 🙂