On the USD/CAD daily chart, “bullish” trend is on the rise. Breakout of the resistance at 1.357 can lead to the continuation of the rally towards the upper boundary of the upward trading channel and then towards 1.3837.
There is a 61.8% Fibonacci retracement level from the last long-term “bearish” wave.
On the USD/CAD hourly chart, “bullish” trend is gaining momentum. If buyers manage to hold quotes above the upper boundary of the last upward trading channel, the way towards 1.37 will be opened.
Recommendations: keep longs formed from the 1,3465 level. BUY 1,357 SL 1,3515 TP1 1,37 TP2 1,3837.
Origin: FX BAZOOKA
