USDCAD is a very popular currency pair. We look to buy this pair at 1.26000 area. The following details should be considered:
- Previous support located at 1.26000
- Previous resistance located at 1.27000
- We expect a reversal in this move
- Risk/Reward would be poor to call a buy from current levels
- A move through 1.27000 will confirm the bullish momentum
Target TP 1.27000/1.28000
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