FxWirePro
Long

USD/CAD is trading above 20 day 4HMA,jump till 1.2615 expected

FX:USDCAD   U.S. Dollar / Canadian Dollar
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USD/CAD has once agin take support at 1.2400 and recovered till 1.2519. Overall trend is bullish as long as support 1.24475 holds.
On the upside minor resistance is around 1.2550 and nay break baove will take the pair further up till 1.2615/1.2660.
The pair’s minor support is around 1.2480 and any break below will drag the pair further to 1.2440/1.2400.

Indicators (1 hour chart)

CCI (50)- Buy

CCI (14)- Buy

Ichimoku- Buy

Recommendations: Buy USD/CAD around 1.2520, SL 1.2480, Targets 1.2615.

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