Technician
Long

USDCAD: Bullish rebound likely!

FX:USDCAD   U.S. Dollar/Canadian Dollar
539 0 5
The price had an impressive rebound on Thursday and Friday, ending the week almost even after the earlier strong sell-off. That rejection hints renewed bullish potential, as price formed a weekly pin bar candle at a previous high and support level . I will look for long opportunities over the lower time intervals targeting 1.1060 then 1.1180. A break below 1.0853 will negate the expected short term bullish bias.

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