pjpfowler
Long

USDCAD Bullish - Trend Continuation

OANDA:USDCAD   US-Dollar / Kanadischer Dollar
2017-05-20
On the Daily chart this pair is still bullish , up trend. Current price action has pulled back to fib 50% and with RSI almost over sold a turn is likely. I'd predict that the price action will make it down to 61.8% fib before resuming bullish trend . First target would be resistance at 1.37898 with longer term FIb Future D at 1.41376. Likely at least one pull back before reaching that which could be around resistance.

If the current price action makes it down to 1.34419 and reverses then this is a strong indication for trend continuation and the Future D target likely.
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