As it is clear the price has touched a strong resistance zone. it may full to the support area and touch trendline again
as it can be seen from the chart, the price is above a strong support zone. and also, RSI illustrates an RD+ in both 4H and daily timeframes
USDCAD is in up trend channel. As we can see price is in up trend. So, it is expected to grow after retest broken resistance.
Price will rise after touching support zone at 1.3770
As we can see from the the chart, price is ready to touch the resistance level at 1.1975
As we can see price is above a strong support area. thus, it is an opportunity to fly with price...
As it is clear to be seen from the chart important levels such as static or dynamic are the key factors in technical analysing. however, it is crucial to take into account important fundamental factors especially when the price is approaching to a key level. Best Wishes
It seems that the price is going to fly after touching a strong support area ( 1.3730 - 1.3720 ) As it's clear to be seen from the chart price is approaching to the support area, I think after touching this area price will rise up to 1.4