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T3-Consultancy

USDCAD 1H: Bullish outlook seen, further upside above 1.3520

Long
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
T3-Consultancy  
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Harmonic Patterns Chart Patterns DJ FXCM Index USDCAD usdcadlong usdcadbullish Forex forextrading forexsignals
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trendanalysis harmonicpatterns chartpattern usdollar usdcad usdcadlong usdcadbullish forex forextrading forexsignals
Price is currently hovering above a key support zone at 1.3350 on the H1 timeframe. A throwback to this support zone, which coincides with the 78.6% Fibonacci retracement, coupled with a break above upside confirmation at 1.34 could provide the bullish acceleration to the resistance zone at 1.3520, in line with the 200% Fibonacci extension. Price is holding above the 20 EMA , supporting our bullish bias.
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