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T3-Consultancy

USDCAD H1: Bullish outlook seen, further upside above 1.3520

Long
U.S. Dollar / Canadian Dollar (FOREXCOM:USDCAD)  
T3-Consultancy  
FOREXCOM:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Harmonic Patterns Chart Patterns DJ FXCM Index USDCAD usdcadlong usdcadbullish Forex forexsignals forextrading
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trendanalysis harmonicpatterns chartpattern usdollar usdcad usdcadlong usdcadbullish forex forexsignals forextrading
On the H1 time frame, prices are showing bullish order flow with higher lows and higher highs formed. A throwback to the support zone at 1.3520, in line with the 23.6% Fibonacci retracement could present an opportunity to play the bounce, with 1.3650 as the resistance target. Prices are holding above the Ichimoku cloud, and Stochastic RSI is in the oversold region below 20, supporting the bullish bias.
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