Breakdown of the resistance levels 1.2660, 1.2740 (the upper line of the descending channel on the weekly chart and the 38.2% Fibonacci level of the downward correction in the wave of USD / CAD growth from 0.9700 to 1.4600) will confirm the recovery of the USD / CAD bullish dynamics with the prospect of growth to the resistance level 1.2930 (see also "Fundamental Analysis and Recommendations")
In an alternative scenario, the first signal for selling USD / CAD will be a breakdown of the support level 1.2595.
Trading recommendations
Sell Stop 1.2585. Stop-Loss 1.2670. Take-Profit 1.2558, 1.2506, 1.2475, 1.2450, 1.2330, 1.2200, 1.2165, 1.2100
Buy Stop 1.2670. Stop-Loss 1.2585. Take-Profit 1.2700, 1.2740, 1.2825, 1.2930
*) USD/CAD: Current Fundamental Analysis and Market Expectations
**) the most up-to-date "hot" analytics and trading recommendations (including entries into trades "by-the-market") - https://t.me/fxrealtrading
