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

USDCAD holding above ascending trendline support and 1st support at 1.31754. A bounce above this level towards 1st resistance at 1.32089 can be expected..

Trading Recommendation

Entry: 1.31754

Reason for Entry:

50% fib retracement, Ascending trendline support

Take Profit : 1.32089

Reason for Take Profit:

Graphical swing high

Stop Loss: 1.31463

Reason for Stop loss:

Graphical swing low