USDCAD OVERALL OUTLOOK! - LONGS FOR DAYS :)
As seen on the chart, there is no doubt we are in a clear uptrend.
Furthermore, after the gap fill, we have retraced and beautifully bounced off the 0.79 fibonacci retracement. After a rejection of 1.3500 last week, I personally do not think this will drop further. I am targeting the equal highs formed around 1.4200 and beyond.
For further confluence, the DXY is bullish (Check out the analysis on my page for further info).
Furthermore, after the gap fill, we have retraced and beautifully bounced off the 0.79 fibonacci retracement. After a rejection of 1.3500 last week, I personally do not think this will drop further. I am targeting the equal highs formed around 1.4200 and beyond.
For further confluence, the DXY is bullish (Check out the analysis on my page for further info).