The USD/CAD has made a T-89 pattern within the concept of a bullish trend. We could see a bullish continuation. <!–more–>
If the price manages to reject from 1.3510-20 we should see a continuation towards 1.3528 and 1.3545. However, a close above 1.3545 is needed for the final target projection 1.3564. This bullish scenario is valid only if the price manages to hold above 1.3480. Have in mind that the ATR (5) is 54 pips, so the pair is slower. If you take a look at the chart you will also notice a nice bullish zig-zag so pay attention to further bullish continuation.
The analysis has been done with the CAMMACD.MTF template.
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Many green pips,
Nenad Kerkez aka Tarantula FX