Forex Signal 19-23 October 2015: USDCAD buy , Bounce at Support Level

Let's start with the movement of  USDCAD

How to read this chart
1. Red dotted line = 200 SMA
2. Blue dotted line = 50 SMA
3. Yellow dotted line = 20 SMA

I will added a new horizontal line (white dotted line) as support level

Why i recommended to buy this currency:
1. the price is above 200 SMA
2. the SMA set is in a correct order
3. the signal appeared at the correct place, support level
4. the price rejected both support level and 20 SMA
5. the price shows a higher high

Enjoy your trade!