As previously predicted, the USD/CAD currency pair, approaching the range of support level 1.2420, felt support, giving the opportunity to "bulls" to return to the market. Now we are watching the impulse movement, which drags us from the level already by 200 points without any kickbacks. It is possible to assume that the upward interest will still be preserved, but already near the level of 1.2700 "bulls" will feel the periodic ceiling, thereby slowing down the movement and as a fact forming a correction.
Key levels
Resistance - 1,2700; 1.2840; 1.3000 (+/- 30p).
Support - 1,2570; 1.2420; 1.2200.
Signals
- Purchase a by pair. It is possible to consider two variations: first, purchase in current values with a small move to the level of 1.2700 (fixation at 1.2680 / 90); second, after fixing the price above the level of 1.2700.
- Sale on a pair is recommended to be made after a clear slowdown near the level of 1.2700.
