USDCAD overall trend is clearly bullish. As long as price remains above 1.3545 there is a path toward 1.45 which the pair saw in March 2020. The ongoing price action and its volatility suggest the continuation of bullish bias with possible less downside moves. The ongoing rising trend seems strong enough that possibly it would break through resistances around 1.365/1.37. Market has reached to a point that does not reward that much contrarian approach for a while.
Targets are 1.365, 1.387 and 1.4
Expected price range for Sep 26 to Sep 30
65% probability : 1.3468 - 1.3708
95% probability: 1.3308 - 1.3868
Targets are 1.365, 1.387 and 1.4
Expected price range for Sep 26 to Sep 30
65% probability : 1.3468 - 1.3708
95% probability: 1.3308 - 1.3868
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.