USDCAD reacting above ascending trendline support. A short term bounce above our 1st support at 1.25554 towards graphical swing high and 1st resistance at 1.25894 could be possible. Price is also holding above moving average support.
Trading Recommendation
Entry: 1.25554
Reason for Entry:
61% Fibonacci retracement, ascending trendline support
Take Profit: 1.25894
Reason for Take Profit:
Graphical swing high resistance
Stop Loss: 1.25326
Reason for Stop Loss:
Graphical swing low support
