SMHuss3

USDCAD BOUNCE OR BREAK?

FX_IDC:USDCAD   Dolar U.S/Dolar Kanada
Will be looking for a bounce or break at the third touch of the ascending trendline @1. 2800             .
This area is confluent with prior support & resistance .
Falls upon the 50% fib level as well as the 200MA.

Will prefer a long move in order to trade with the trend.

Target will be to create a new higher high if there is a bounce with appropriate price action. Target will be the -27% fib which is confluent with historical support and resistance at 1.3800.
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