Price is facing bullish pressure from our 1st support, where we could see a further bounce above this level. 1st support happens to be where the 100% fib extension is and could provide some support for USDCAD for price to bounce.
Trading Recommendation
Entry: 1.3155
Reason for Entry:
100% fib extension
Take Profit :1.3229
Reason for Take Profit: Horizontal swing high
Stop Loss: 1.3105
Reason for Stop loss:
168% fib extension
