USDCAD: Sees Further Bullish Momentum.

[FXTechstrategy Team]

USDCAD: With the pair on the verge of recapturing the 1.0200 level, we could see further price extension. This could target the 1.0250 level where a violation will aim at the 1.0300 level. Its daily RSI is bullish and pointing higher supporting this view. On the downside, support lies at the 1.0150 level where a break if seen will target the 1.0099 level followed by the 1.0000 level. Further down, support stands at the 0.9956/32 levels. All in all, USDCAD remains biased to the upside medium term on further upside offensive.

 

[candle7779]

USDCAD:
BUY
If the price breaks through the level 1.02900 bullish movement will start. Targets of the bullish movement: 1.03350.
SELL
If the price breaks through the level 1.02161 bearish movement will start. Targets of the bearish movement: 1.01615, 1.01081.