The US Dollar turned higher as expected against its Canadian namesake after prices put in a bullish Piercing Line candlestick pattern. A daily close above falling trend line resistance set from the
We will now enter long, aiming for 1.0973 as an initial objective. A stop-loss will be activated on a daily close above 1.0849. We will take profit on half of the trade at the first target and trail the stop-loss to the breakeven level.