USDCAD currency pair recently reversed up with the daily Hammer from the key support level 1.24500 (which has been reversing the price from the middle of January), intersecting with the lower daily Bollinger Band. The upward reversal from the support level 1.24500 stopped the previous impulse waves (iii) and 3. Given the rising bearish Canadian dollar sentiment that can be seen on the currency markets today – USDCAD currency pair can be expected to rise further toward the next resistance level 1.25500.
