USDCAD - Edition #1

Macro Outlook 🚀 Bullish 🚀Price trades below resistance.... bullish!

• Price is oscillating within a massive range since 2015, but looking at the most current reaction from 1.22185. There is evidence that it is leaning to the upside. 
• This latest strong move since April 21 created two bullish patterns: price trend change with expanding candles and weekly deviation. 

Note

This still remains within the current range of 1.22185 - 1.38355 so waiting for a move above 1.38355 to pull the trigger is the conservative approach. 

Short Term

• Still bullish. As long as the price stays above 1.36, betting on the highs equal to 1.38 is the move to make. 
• On the other hand, below 1.36 and target the impulsive move from 1.33. 
• Both trades present great opportunities, but remember not to get trapped in a micro trade for longer than necessary. 1.33 is for bidding, as is 1.38 (once broken).