Looking at this pair, USDCAD
is looking bullish
after a possible 50% Fib re-tracement to 1.32000, not to mention this being a psychological level too. Await bullish
price action around this level and other confluence such as MA/ EMA
rejection or cross over then bullish
to 1.33000, again a psychological level and I believe this has further upside potential to 1.35000 and thinking even longer term, upside potential to 1.38000. This analysis was formed from a topdown view and on the 4H chart. I will be looking for entries on the 4H chart and once I have found a possible entry I will look at price action on the 1H and 30M chart to confirm my entry. If no re-tracement happens then I will be long to the levels mentioned above.