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FX.co ★ USDCAD holding above ascending trendline channel! Further upside coming!

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Forex Analysis:::2021-09-23T03:56:19

USDCAD holding above ascending trendline channel! Further upside coming!

USDCAD holding above ascending trendline channel! Further upside coming!

USDCAD holding above ascending trendline support. With technical indicators showing room for further bullish momentum, a further push up to our 1st resistance at 1.29500 could be possible.

Trading Recommendation

Entry: 1.27015

Reason for Entry:

61.8% Fibonacci retracement , 100% Fibonacci extension and ascending channel trendline

Take Profit: 1.29500

Reason for Take Profit:

100% Fibonacci retracement , 100% Fibonacci extension and swing high resistance

Stop Loss: 1.26510

Reason for Stop Loss:

Analyst InstaForex
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