FX.co ★ USD/CAD attractive for buyers

USD/CAD Range Pattern!

The USD/CAD pair was trading at 1.3731 at the time of writing. It's trapped between 1.3662 and 1.3772 levels. The current sideways movement could represent an upside continuation pattern. The pair could resume its growth as long as it stays above the uptrend line.

The uptrend line represents a downside obstacle. 1.3662 represent a downside obstacle as well, while 1.3772 is seen as an upside obstacle.

USD/CAD Trading Conclusion!

Staying above the uptrend line and above 1.3662 and jumping above 1.3772 activates further growth and offers new buying opportunities.