USD/CAD: There is some room for a rebound in the near term
Updated
Hello dear friends!
Currently, USDCAD is trading around the price level of 1.363, showing consolidation.
From the technical analysis chart, it can be observed that the price range is gradually narrowing and is close to the area of EMA 34. There is a high possibility of an upward price movement if USDCAD breaks out of the current trend and continues to increase towards the target of 1.368 and even higher at 1.378.
What about you? Do you agree with this viewpoint?
Currently, USDCAD is trading around the price level of 1.363, showing consolidation.
From the technical analysis chart, it can be observed that the price range is gradually narrowing and is close to the area of EMA 34. There is a high possibility of an upward price movement if USDCAD breaks out of the current trend and continues to increase towards the target of 1.368 and even higher at 1.378.
What about you? Do you agree with this viewpoint?
Note
USDCAD has breakout out of the trend of starting a price increase!Trade active
Note
Tomorrow we will receive important news from the speech of the Fed President. Need to save the market!Trade active
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