Possible upside now for USDCAD

2 more days before the New year. I take this opportunity to wish everyone a Happy and Prosperous New Year. May the Lord continue to rain his blessings abundantly on our trades in 2020 and beyond, watching over our positive state of mind, taking care of our health and relationship.
Amen.

USDCAD has been plunging like the waterfall since 3 Jan 2019 at 1.36 level.

Currently, at the 1H chart, it found some support at 1.30682 and we expect it to head northwards, barring unforeseen circumstances.

On day chart, there are 2 more levels of support that it might retreat to if this 1H chart bullish move can't be sustained. One is at 1.30523 and the last one is 1.30253.

IF you prefer a stronger confirmation, then you can wait out to see if these 2 levels of support will be reached before considering a buy.

Trade safely.