Resistance: 1.0205 strong/1.0234 moderate/1.0278 minor
Support: 1.0162 moderate/1.0133 minor/1.0089 minor
We have a Three Outside Up in USDCAD Hourly charts suggesting a possible bounce in prices. The immediate support at 1.0162 is rated as moderate. With a high credibility bullish reversal pattern consider buying from just above 1.0162 the immediate target will be the daily pivot point at 1.0205, break of which suggests a further rally to 1.0234. Stops ideally should be just under 1.0162.
Learn more about the chart patterns and how to recognize them in our Learning Center: Japanese Candlesticks - A Way To Look At Prices