USDCAD – Potential Breakout After Pin Bar Rejection | Mar 17

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USDCAD – Looks Like A Breakout Higher (1hr chart) Continually holding near the key resistance and yearly highs, the USDCAD continues to be bought up on pullbacks. On the 13th the bids stepped in forming a pin bar rejection off 1.2698 and we haven’t seen that price since.

I’m continuing with my bullish bias and for an eventual attack on 1.30 near term. 1.2698 and 1.2627 are my pullback levels, with only a daily close below the latter negating my ST bullish bias. Taking out the yearly highs puts the ‘big figure’ at 1.3000 into play.

usdcad

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