USD/CAD Potential Buys

FX:USDCAD   U.S. Dollar / Canadian Dollar

We have seen price bounce back from the 1.34530 area to 1.32831 where it meets previous support.

We also see a daily inside closure and further upside movement on the pair today.

Further confirmation of the following can be taken in to consideration also.

1 - Daily Inside bar closure above the previous day - shows us buyers are coming into the market further.

2 - Head and shoulders inverse completed on the daily also and can be seen.

3 - The pull back has already taken effect and now waiting for further price confirmation before seeing this pair hit its first TP which is aligned at 1.34530.
Comment: Trade not triggered


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