HProTrader
Long

USDCAD Long to 1.24

FX:USDCAD   U.S. Dollar / Canadian Dollar
26 1 2
Huge bullish engulfing on weekly, so we could see further move to the upside and hit the 50% fib level confluence with round number 1.24. This is reinforced with a daily 8 and 20 SMA crossover. Alternatively a break of the bull trend line and a daily close below monthly pivot will see a move down to 1.2
1.24 target hit and gained some nice pips, will watch this now to see what happens, good US data and Yellen is talking about interest rate hike this year means that we get further bullish movement so will look to buy on a dip
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