USDCAD Trading Idea

The price reached the support level 1.3200 and is going to bounce. RSI confirms price reversal and we could open long trades, but if we trade based on daily chart we need more confirmation. Wait for MACD histogram reversal and it will be an additional signal for possible up movement. DMI confirms strong down movement and for opening long trades it's better to wait for falling ADX line. If price breaks the support level 1.3100, we'll have to think about entry levels for short trades.