mofk21b
Long

USDCAD - Waiting to Long

OANDA:USDCAD   U.S. Dollar / Canadian Dollar
After yesterday Monetary Policy Report from Bank of Canada, price was pushing above the key resistance 1.2774, closed above this level and made new high since mid Aug.

With this price action, my bias is more to bullish side. Now I'm waiting for the price to come back 1.2774 level and go long, aiming for next resistance at 1.3009 and 1.3338.

If the 1.2774 failed to hold, it's possible for the price to fall back to key support 1.2139.

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