FX.co ★ crystal66 | USD/CAD

Hello traders, USD/CAD Н1

The pair, bouncing off the support at 1.3937, continues to push northwards, primarily above the moving average. This indicates that the average is also acting as support. In this case, the northward movement may well continue, with the target of this direction being the resistance at the level of 1.4000. Of course, there could be another downward movement before heading back north again, but the target is clear and should be aimed for. We will assess the situation based on actual developments. Breaking this plan would involve quotes falling below the support, ideally with a confirmation below that level. Good profits.