USD/CAD: bulls are making conditions
Recommendation:
BUY 1.2920
SL 1.2865
TP1 1.302 TP2 1.316 TP3 1.327
On the daily chart, USD/CAD bulls are trying to lead the pair out of 1.272-1.3 range within “spike and ledge”. If they succeed, advance towards 1.3270-1.3295 convergence area (127.2 and 200% targets of AB=CD) will likely continue.
On H1 of USD/CAD, bulls are in control of the situation. They managed to bring the pair to 161.8% target of AB=CD. If the pair retests support at 1.2920, it will be possible to buy the US dollar.