Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.2080).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. USDCAD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 58.

Take Profits:
TP1= @ 1.2140
TP2= @ 1.2190
TP3= @ 1.2265
TP4= @ 1.2350
TP5= @ 1.2470

SL= Break below S2

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CADChart PatternsTechnical IndicatorsTrend AnalysisUSDUSDCADusdcadlong

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