In the chart below the main indicators are showing us some specific statistics from which we can conclude some things. MACD is giving and showing us a buying opportunity. RSI is showing and confirming reversal from 1.21400 and do it in the oversold zone. At the moment the price is in consolidation zone, so there is a possibility for a bearish short term movement. Keep an eye, but my idea is a for a long position.
Entry:1.21800 Stop:1.19920 TP:1.22500 Target 2: 1.23000
Technical IndicatorsTrend AnalysisUSDCAD

Penafian