USD/CAD currency pair analysis

The general trend is upward. Downward truncated wave structure ended with the breakthrough of the inclined channel. The Awesome Oscillator indicator has a bullish divergence, and the Stochastic Oscillator indicator signals oversold.

Trading idea:

Buy on a breakout of 1.2900.

Stop loss: 1.2814.

Target levels: 1.2990; 1.3077.