Yesterday caused great hesitation. Today in many places we see engulfing candles.
At USDCAD yesterday completely absorbed the previous decline and closed above it. This is a strong signal that the bulls are currently the stronger participants and we expect them to raise the price further.
It is currently under serious resistance from previous levels, but in the event of a breakout it can quickly reach 1.2850!
If you have questions about how to trade this or another situation, contact us!