USDCAD Trend Analysis

4H / 1D
Friday, 8-11-17
Closed @ 1.26767 / 1.26841

Bullish:
Breakthrough to key resistance 1.2739 began. Seeing possible Bullish correction in play w/next target @ 1.2780

Firm break of 1.2780 = possible 1.2830
Firm break of 1.2830 = possible 1.2940
At 1.2940, expect pullback
If Bullish: Suggested range for target: 1.2830

Bearish:
If break and holds @ 1.2645, Bearish trend may resume
Firm break of 1.2620 = possible 1.2510

R3 1.2842 R2 1.2798 R1 1.2739
S1 1.2636 S2 1.2592 S3 1.2533

Personal analysis only. Please use your own rules and strategies prior to entering market.