USDCAD holding above ascending trendline support, a further push up above our 1st support at 1.26013 towards graphical overlap resistance, 1st resistance at 1.26590 could be possible. Stochastic is testing support where price bounced in the past as well.
Trading Recommendation
Entry: 1.26013
Reason for Entry: 88% Fibonacci retracement, ascending trendline support
Take Profit: 1.26590
Reason for Take Profit: 50% Fibonacci retracement, graphical overlap resistance
Stop Loss: 1.25788
Reason for Stop Loss: -27.2% Fibonacci retracement, Graphical swing low
