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:
The material has been provided by InstaForex Company - www.instaforex.comfrom RobotFX
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