USD/CAD Is Bullish for Now

USD/CAD formed a pair of spinning top candlesticks and a shooting star candlestick on the daily time-frame around the (MA)89 indicator at 1.2585 before falling sharply. The pair finally found some support at 1.2450 and after forming an inverted hammer candlestick on the same time-frame it bounced off from that level. Currently the pair is moving to the upside likely toward the aforementioned (MA)89 indicator on the daily time-frame. If there is a proper breakout to the upside as well as a breakout above the last high at 1.2685 the pair could continue rising towards 1.2830, which is the same indicator, but on the weekly time-frame.