The current price: 1.3410
Key point: 1.3325
Our preferred direction: buying positions above 1.3325 levels, targeting 1.3450 as a first target, then 1.3475 as a second target.
Alternative scenario: stop the loss and change the direction by breaking 1.3325, targeting 1.3300.
Technical comment
The Canadian dollar pair rose from the support levels 1.3300-1.3325 in the four-hour time frame, with the formation of the Harmonic BAT pattern, with a Fibonacci retracement rate of 88%, so that it is expected to continue the price’s rise to reach the levels of 1.3450-1.3470
