Buy above 1.3061. Stop loss 1.3224. Take profit at 1.3224. Reason for the trading strategy (technically): USDCAD bounced nicely off its support at 1.3061 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap support) where price could rise further to its resistance at 1.3224 (50% Fibonacci retracement, horizontal swing high resistance). Stochastic (55, 5, 3) has bounced off its support at 3% where a corresponding rise could occur.