FX.co ★ USDCAD looking for short term drop below trendline!

Price is facing bullish pressure from our 1st support, in line with our horizontal swing low, in line with our 50% fib retracement, where we could see a further bounce towards our 1st resistance . Ichimoku is also indicating more bullishness.

Trading Recommendation

Entry: 75.69

Reason for Entry:

horizontal swing low, 50% fib retracement

Take Profit :76.32

Reason for Take Profit:

Horizontal swing high

Stop Loss:75.11

Reason for Stop loss:

Horizontal swing low