USDCAD: Long-term Bullish Trend

USDCAD, Weekly

In the Weekly, USDCAD is in a long-term bullish trend after falling to the trendline. The price crossed the lower Bollinger line, and the %R confirms that it is oversold. Meanwhile, the CCI is ready to exit the oversold zone, indicating the possibility of a rebound.

• We consider buying USDCAD only on a rebound from the trendline with targets to 1.4180 and further to 1.4460;