FX.co ★ crystal66 | USD/CAD

Currently, buyers in the USD/CAD pair are trying to interrupt the bearish correction, not allowing the price to settle below the main Murray resistance at the 8/8 level - 1.3672, even though the USD price dropped to 1.3055 at one point. However, we can see that the stochastic, being in the oversold zone, is starting to turn upwards, which could lead to a new technical wave of growth towards the Murray level +1/8 - 1.3702. Nevertheless, I am not feeling optimistic about a more significant strengthening of the US dollar today, as we are expecting data from the US on initial jobless claims, and the forecast suggests that the number of claimants is expected to increase. If this happens, it will have a negative impact on the strength of the US dollar, assuming the forecasts are correct. Therefore, I do not want to look too far ahead, and for now, let's focus on the movement depicted in my screenshot.