USDCAD Hammer Hourly Chart

Resistance: 0.9880 moderate/0.9896 minor/0.9905 minor Support: 0.9871 strong/0.9854 moderate/0.9846 minor Overall bias in USDCAD is bullish with the Hammer just above a strong support level. Though a low level bullish reversal candlestick pattern, given the strong support consider taking a buy with 0.9880 as the immediate target, possibly further on to 0.9896. A stop loss should be placed below 0.9871, the Pivot Point. The prudent course of action is to look for a confirming big white

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USDCAD Hammer Hourly Chart

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