USDCAD BUY OFF PROVEN SUPPORT/RESISTANCE

This 1.3375 zone has been tested multiple times in March with the first key bounce down taking place in January. I'm going with the already prevalent upward motion here playing the long as a continuation off of this key area. Target sits around 1.3445, about 70 pips from the zone where a down sloping trend line may intersect with price to form the 3rd hit of what looks to be the top of a pennant pattern. Stop loss is well below the lower trend line of the pennant around 1.3270.

Trade fechado manualmente:

Cutting losses on this one.