While 1.2885 is not broken, bullish wave in price would begin.

FOREXCOM:USDCAD   U.S. Dollar / Canadian Dollar
Midterm forecast:
There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 1.2885 would begin in Midterm.

Trading suggestion:
By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

Technical analysis:
While the RSI uptrend #1 is not broken, bullish wave in price would continue.
A peak is formed in daily chart at 1.3080 on 09/27/2018, so more losses minimum to Major Support (1.2885) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 41.

Supports and Resistances:
1: 1.4690
2: 1.4200
3: 1.3795
4: 1.3385
5: 1.3260
6: 1.3000
7: 1.2805
8: 1.2730
9: 1.2665
10: 1.2545
11: 1.2465
12: 1.2250
13: 1.2060


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