FX.co ★ crystal66 | USD/CAD

USD/CAD The currency pair USD/CAD continues to move within a rising and bullish channel. Moving averages indicate a short-term bullish trend for the pair. Prices have broken above the signal lines, indicating buying pressure and possible further development in the near future. It is currently worth considering the possibility of extending the decline and testing the support level near 1.3915. As a result, an upward movement and continued growth of the currency pair are possible. The potential target for this movement is above 1.4175. A decline and breakthrough of the 1.3845 zone will neutralize the upward trend of the USD/CAD pair. This would indicate a breakthrough of the support zone and a continuation of the decline below 1.3585. Confirmation of the pair's growth should be expected with a breakthrough of the resistance zone and the USD/CAD pair closing above 1.4125. The USD/CAD forecast suggests an attempt to test the support area around 1.3915. Subsequently, the growth continued, exceeding 1.4175. The scenario of USD/CAD price growth will be canceled if the pair falls and breaks below 1.3845. This indicates a continued decrease in the asset's value with a potential target below 1.3585.