USD/CAD briefly dipped below a trendline that has held the exchange rate higher since the start of the year, but ultimately held, printing a reversal candle in the process.
The risk to reward for a bullish continuation is favorable with a first target at longer term resistance found at 1.3881. This area has held three rallies in the pair since 2022.
The risk to reward for a bullish continuation is favorable with a first target at longer term resistance found at 1.3881. This area has held three rallies in the pair since 2022.
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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.