As was projected by our last analysis of the USDCAD (link below), the price established a throwback to the upper boundary of the Accumulation at 1.21350. The subsequent rebound from it confirmed the new uptrend.
The price is thus extremely likely to continue rising. This is further supported by the current reading of the MACD indicator. Therefore, the SL can be moved higher (just below 1.21350). The first TP remains the same - the minor resistance at 1.22700.
The price is thus extremely likely to continue rising. This is further supported by the current reading of the MACD indicator. Therefore, the SL can be moved higher (just below 1.21350). The first TP remains the same - the minor resistance at 1.22700.
