USDCAD has just approached a key support level in which it has seen positive price action before. The RSI levels on the 4hr and 2hr time frame show oversold levels which indicate that there is room for the price to rise from this area. The target of this trade is located near the 1.274 area with the stop-loss just below the 1.260 zone.
CADChart PatternsfedTechnical IndicatorslomgRelative Strength Index (RSI)russiaTrend AnalysisUSDUSDCAD

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