USD/CAD Trading Analysis (27/05/2024)

The trend is ascending. The currency pair is traded in the range between 365 and 135 ЕМА. The Stochastic Oscillator shows the oversold state. The breach of the level 1.3671 will begin formation of the ascending wave structure.

Trading idea:

Buy at the breach of 1.3671.

Stop-Loss at 1.3638.

Target price levels at 1.3720 and 1.3743.

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