Can we see Demand in price

FX_IDC:USDCAD   U.S. Dollar / Canadian Dollar
On the daily timeframe we can see price rally back up to 1.2900+? Last time price was here was two years ago and price rallied all the way to 1.4600. With not much significance to stop price from reaching those highs again I fancy this trade. From a price action point of view I my first target would be 50 pips away as previous support can turn into new resistance!!
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