On the USD/CAD daily chart, bears failed to break the uptrend.
After breaking the diagonal support the bulls managed to repel the bears’ attack and return quotes to the long-term trading channel.
At the present moment, there is a struggle for the important level of 1.3306 (38.2% of the last descending wave).
On the USD/CAD hourly chart, the bulls were stopped around the resistance at 1.3377. As a result, the “Shark” pattern was formed. If the 113% target is fulfilled, it will be a signal for a new attack buyers.There is a support located at 38.2% of the last descending wave.
Recommendation: BUY 1,324 SL 1,3185 TP 1,3375.
Origin: FX BAZOOKA
