FX.co ★ USD/CAD analysis for January 10, 2022 - Upside breakout

Technical analysis:

USD/CAD has been trading upside and there is the breakout of key pivotal resistance at 1,2650.

Trading recommendation:

Due to the upside breakout of the key pivotal resistance at 1,2650, watch for potential buying opportunities on the pullbacks and continuation al patterns.

Upside objectives are set at 1,2705 and 1,2720.

Stochastic oscillator is showing bull condition with no extreme reading, which is good sign for further upside movement.

Key support is set at 1,2610