USDCAD is testing our 1st support at 1.3165 where the horizontal pullback support and 61.8% fib retracement are. Price could touch 1st support and bounce from there. EMA also indicates that further upside will come.
Trading Recommendation
Entry: 1.3165
Reason for Entry:
horizontal pullback support and 61.8% fib retracement
Take Profit: 1.3207
Reason for Take Profit:
Horizontal swing high resistance ,61.8% Fibonacci retracement
Stop Loss: 1.3127
Reason for Stop Loss:
61.8% Fibonacci retracement, horizontal swing low
