On the USD/CAD daily chart, “bulls” came closer to the target 1,349 of long positions opened at 1,328.
As long as the quotes remain above the 1.33 level, the pair is under the control of the “bulls”.
Update of the October high increases the risk of continuation of the upward trend.
On the USD/CAD hourly chart, there should be consolidation near the target located at 127.2% in the AB = CD pattern and the upper boundary of the upward trading channel. Breakout of the trading range 1,335-1,343 will create prerequisites for implementation of the target located at 161.8%.
Recommendation: hold long positions, move SL to breakeven point.
Origin: FX BAZOOKA
