FX.co ★ USD/CAD analysis for March 08, 2022 - First objective reached, second objective on the way

Technical analysis:

USD/CAD has been trading upwards as I expected. The price has reached my first upside objective at 1,2786. I still see further upside movement towards next reference point.

Trading recommendation:

Due to upside momentum and upside short-term bull trend, I see potential for continuation.

Watch for buying opportunities on the dips with the next main objective at the price of 1,2875.

Key support level is set at the price of 1,2790