USDCAD has been holding a trendline as resistance since 1.28957 which was the top of the ascending channel it is in. The price bounced off the base of the ascending channel and has now broken this trendline, to reverse to the upside. My target is at 1.27806 provided that the price can get through all the resistance ahead.
Trade active:
I meant to say that my first target is 1.27806.
Trade closed: target reached:
Target was very close.