💱USDCAD - A break in resistance gives momentum

٢٥ أكتوبر ٢٠٢٣

USDCAD breaks the resistance of the ascending triangle and hits the key resistance. A pullback is possible after which the growth will continue



TA on the high timeframe:
1) After the correction a v-turn pattern is formed
2) global bullish trend, on the background of strengthening of the dollar index may continue to strengthen the currency pair.

TA on the low timeframe:
1) Prolonged consolidation in the triangle after the breakout of resistance pushes the price upwards
2) A test of resistance may be followed by a rebound to support
3) Growth may continue from the support

Key resistance: 1.37796
Key support: 1.3727