USDCAD
USDCAD Weekly time frame for the pair USDCAD is bullish.
Previous 2 weekly candles closed as a Bullish reversal candle, indicating buyers for this week. Last weeks candle closed above our weekly Fib zone 23.60% indicating more Buyers in Market.
TDI in a week has Priceline slowly approaching bloodline.
A cross could only confirm more solid buys . Possibly a wick fill in the weekly time frame.
Current weekly candle is a Bullish Hieken Ashi.. buyers are slowly gaining control of this trend.
Weekly resistance 1.31048.
Daily resistance is 1.30782. Current daily candle is at 1.30675 pivot and if we close above this could mean a further push to the upside for USDCAD.
TDI in a daily shows Priceline slowly approaching liquid 50, of we close above this we should expect more Bullish move. Minor resistance in a day 1.3105. Daily Take Profit is 1.31146 if price closes above the month pivot of 1.30822.
4 Hour TP has already been achieved 1.30717. Price is currently approaching the Monthly pivot which is 1.30821.
A pullback is possible. Priceline in 4 Hour is above bloodline, Bullish sentiments
Overall confirmation for USDCAD is Bullish.
Wait for pullbacks and buy.