FxWirePro
Long

USD/CAD Trade Idea

FX:USDCAD   U.S. Dollar/Canadian Dollar
164 0 0
Intraday trend: Bullish
Ichimoku analysis (1 Hour chart):
Tenkan-Sen level: 1.1286
Kijun-Sen level: 1.1268
Ichimoku cloud top: 1.1245
Ichimoku cloud bottom: 1.1279
USD/CAD             has recovered after making a low of 1.1896. Intraday trend is bullish as long as support 1.1250 holds.
The break of 1.1250 will take the pair to 1.1220/1.1200 in the short term. The pair’s short term resistance is around 1.1306 (55 day HMA) and any indicative break above would extend gain to 1.1370/1. 1400             .

Recommendation: Buy USD/CAD             around 1.12850, SL 1.1250, Target 1.1370.
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