Resistance: 1.0117 strong / 1.0134 moderate / 1.0167 minor
Support: 1.0084 moderate / 1.0067 minor / 1.0034 minor
USDCAD is in a bear market with the low level bullish candlestick pattern Bullish Harami suggesting we look for a turn-around. Consider buys off the immediate support 1.0084, or on a bullish confirmation from the subsequent candlestick. A stop loss should be placed just below 1.0084 while the immediate target is 1.0117, the Pivot Point. A close above 1.0117 will have us looking for a rally to 1.0134.
For pattern explanation and visual identification rules, click here.
Learn more about the chart patterns and how to recognize them in our Learning Center: Japanese Candlesticks - A Way To Look At Prices