USDCAD - Bullish breakout
USDCAD (1H) - intraday bullish bias
The US dollar is enjoying the euro's post-ECB hangover to push higher. The pair has broken above the immediate resistance of 1.3210 and confirms the bullish bias after yesterday's MA golden cross. We expect the price to find support near the potential trendline. The area around 1.3240 will be our first target.
Key support: 1.3173/1.3140
Key resistance: 1.3245/1.3315
The US dollar is enjoying the euro's post-ECB hangover to push higher. The pair has broken above the immediate resistance of 1.3210 and confirms the bullish bias after yesterday's MA golden cross. We expect the price to find support near the potential trendline. The area around 1.3240 will be our first target.
Key support: 1.3173/1.3140
Key resistance: 1.3245/1.3315
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