USDCAD holding above both ascending trendline support and moving average. A short term push up above intermediate support at 1.33783 towards 1st resistance and recent swing high at 1.34183 can be expected.
Reason for Entry:
61.8% fib retracement, moving average
Take Profit : 1.34183
Reason for Take Profit:
Recent swing high
Stop Loss: 1.33680
Reason for Stop loss:
61.8% fib retracement, Ascending trendline support
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.