USD/CAD BUY
USD/CAD has broken above a key resistance level, confirming strong bullish momentum. This breakout suggests a high probability of further upside movement, with the next target around 1.4615.
While the bullish trend remains intact, there is a possibility of a short-term correction, with a retest of the broken resistance to confirm it as new support. Such a move would provide a stronger foundation for the continuation of the uptrend.
Traders should remain focused on the bullish potential but must set their stop-loss levels according to their risk management strategies to account for possible short-term retracements. This is a great opportunity to ride the momentum while managing risk effectively! 💪📈
