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USD/CAD: loonie settled down on the ledge
On the USD/CAD daily chart, there is consolidation within the uptrend. A breakout of the resistance at 1,357 will create prerequisites for the continuation of the rally towards 1.368. There is 224% target in the AB = CD pattern.On the USD/CAD hourly chart, "Splash and ledge" pattern has been formed on the basis of 1-2-3. Breakout of the upper boundary of the 1.337-1.356 consolidation range or pullback towards the upward trading channel will be a signal for the opening of long positions.
Recommendations:
BUY 1,356 SL 1,3505 TP1 1,368 TP2 1,384,
BUY 1,3175 SL 1,312 TP1 1,356 TP2 1,368.
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