USD/CAD: bulls are not going to give up

USD/CAD: bulls are not going to give up

Recommendations:

BUY 1.2725 SL 1.267 TP1 1.285 TP2 1.2915

On the daily chart USD/CAD, there is a short-term consolidation in a range of 1.2615-1.2715. The break of its upper bound will let bulls count on the realization of 88,6% and 161,8% targets of “Shark” and AB=CD patterns. On the contrary, if quotations leave uptrend channel, risks of the long-term bearish trend’s recovery will increase.

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On H1 of USD/CAD, a successful break of the resistance at 1.2725 will open a way to 88,6% and 200% targets of “Shark” and AB=CD patterns.

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