Lingrid

Lingrid | USDCAD long RANGE zone

Long
FX:USDCAD   U.S. Dollar / Canadian Dollar
The price has tested the resistance zone at 1.36000 multiple times, which is at the at the top of the range zone. USDCAD broke through the resistance zone that became a support. I think the market will continue moving upward because we have a strong bullish daily candle. It gained momentum. I expect the pullback to support level and potentially form another impulse leg. Basically, it is going to be a 0.382 retracement and continuation of the current trend. My target is the resistance zone at 1.37100.


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