Previously
on 2Jan
Long Term: On USD/CAD monthly chart, we have a double bottom possibility with huge bullish divergence. After that, it seems that we have a base zone, a long-term area with top at 1.0450-1.0660. At the moment price is trying to clearly break up 1.0660 level.
Medium-Term: In uptrend. since the high at 1.0735 we are in a correction. At the moment we are closer by trend TL which may hold the price.
Short-Term: Ranging on this timeframe, now in t…