USD/CAD Trading Analysis (15/06/2023)

The 'Key Reversal' reverse pattern has formed on the 1D timeframe. The bears tested the support level of 1.3270. The descending truncated wave structure finished with the breach of the sloping channel on the H4 timeframe. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state.

Trading idea:

Sell at the breach of 1.3355.

Stop-Loss: 1.3270.

Target price levels: 1.3450, 1.3484.

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