USDCAD Set to Climb If Bulls Break Key 1.395 Barrier
Updated
FxNews—The August 5 high at 1.395 is the immediate resistance that has prevented the uptrend from resuming.
From a technical perspective, the uptrend will likely resume if the bulls pull the USD/CAD price above this resistance. In this scenario, the USD/CAD's path to the %78.6 Fibonacci retracement level at 1.409 will likely be paved.
Please note that the critical support dividing the bull market from the bear market stands at 1.382, and the bullish scenario should be invalidated if USD/CAD falls below this level.
Full article: fxnews.me/usdcad-set-to-climb-if-bulls-break-key-1-395-barrier/
From a technical perspective, the uptrend will likely resume if the bulls pull the USD/CAD price above this resistance. In this scenario, the USD/CAD's path to the %78.6 Fibonacci retracement level at 1.409 will likely be paved.
Please note that the critical support dividing the bull market from the bear market stands at 1.382, and the bullish scenario should be invalidated if USD/CAD falls below this level.
Full article: fxnews.me/usdcad-set-to-climb-if-bulls-break-key-1-395-barrier/
Trade closed: target reached
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