FX.co ★ USDCAD Holding above Ascending trendline support, further rise expected!

USDCAD holding above both ascending trendline support and moving average. A short term push up above intermediate support at 1.33783 towards 1st resistance and recent swing high at 1.34183 can be expected.

Trading Recommendation

Entry: 1.33783

Reason for Entry:

61.8% fib retracement, moving average

Take Profit : 1.34183

Reason for Take Profit:

Recent swing high

Stop Loss: 1.33680

Reason for Stop loss:

61.8% fib retracement, Ascending trendline support