Of observations by the method of technical analysis I have seen of the currency pairs Usd/Cad and indicators that I use is the Bollinger Bands and fibbo on market time at 07:33.
It is seen that the position of the forex market are on point 1.0411 and there is support and resistance on the
- R3 : 1.0472
- R2 : 1.044
- R1 : 1.0418
- Pivots : 1.0386
- S1 : 1.0364
- S2 : 1.0332
- S3 : 1.031
besides Stochastic indicator shows the position of point 80 so that then I highly recommend you to open position SELL with
Take Profit is equal to 1.0381 as well as Stop Loss at point 1.0441
so that the target pips for today I think is at 70 pips