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USD/CAD Market Analysis
Overview
The USD/CAD currency pair has been displaying a strong bullish trend, supported by a rising channel on the hourly timeframe. Current price action suggests potential further upside, with key resistance and support levels clearly defined.
Technical Analysis
The USD/CAD pair is trading within an ascending channel.
Entry Point: Around 1.3700
Take Profit Levels:
TP1: 1.3720
TP2: 1.3745
TP3: 1.3760
The channel indicates a potential continuation of the upward trend, with the price testing the upper boundary for resistance and the lower boundary for support.
USD/CAD Market Analysis
Overview
The USD/CAD currency pair has been displaying a strong bullish trend, supported by a rising channel on the hourly timeframe. Current price action suggests potential further upside, with key resistance and support levels clearly defined.
Technical Analysis
The USD/CAD pair is trading within an ascending channel.
Entry Point: Around 1.3700
Take Profit Levels:
TP1: 1.3720
TP2: 1.3745
TP3: 1.3760
The channel indicates a potential continuation of the upward trend, with the price testing the upper boundary for resistance and the lower boundary for support.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.