uzzaam17

USDCAD OVERALL OUTLOOK! - LONGS FOR DAYS :)

Long
FX:USDCAD   U.S. Dollar / Canadian Dollar
As seen on the chart, there is no doubt we are in a clear uptrend.
Furthermore, after the gap fill, we have retraced and beautifully bounced off the 0.79 fibonacci retracement. After a rejection of 1.3500 last week, I personally do not think this will drop further. I am targeting the equal highs formed around 1.4200 and beyond.
For further confluence, the DXY is bullish (Check out the analysis on my page for further info).

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