FX.co ★ USDCAD holding above ascending trendline support, further rise expected!

Price holding above ascending trendline support and moving average. A further push up above intermediate support at 1.30760 towards 1st resistance at 1.31616 can be expected.

Trading Recommendation

Entry: 1.30760

Reason for Entry:

50% fib retracement, Ascending trendline support

Take Profit: 1.31616

Reason for Take Profit:

horizontal swing high

Stop Loss: 1.30519

Reason for Stop Loss:

61.8% fib retracement