USDCAD: Buy signal on a very consistent long term pattern.

USDCAD is marginally bullish on the 1D technical outlook (RSI = 57.352, MACD = 0.001, ADX = 48.167) as it crossed over the 1D MA50 and is testing the 1D MA100 as Resistance. The key level is the 0.5 Fibonacci line, if crossed, we will buy and target the 0.382 Fibonacci (TP = 1.36400). The next buy will be on the 0.618 Fibonacci level targeting the bottom of the R1 Zone.

See how our prior idea has worked out:


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