Potential Long Position for USD/CAD_Trade Plan 2017.01.12
Daily Chart shows that price is still supported with the current Up Trendline which is confluenced with its EMA50.
In H4 for the last 3 days, price succeeded breaks above resistance area 1.27850 - 1.28200 after massively rejected up from Daily Support around 1.26700 - 1.26900 level.
To follow the current up momentum, wait for the next pull back to previous resistance now turns to support around 1.27850 - 1.28200 level.
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