28.09.202016:03 USDCAD Holding above Ascending trendline support, further rise expected!

Exchange Rates 28.09.2020 analysis

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.

Trading Recommendation

Entry: 1.33783

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.

Performed by Dean Leo,
Analytical expert
InstaForex Group © 2007-2020
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