USDCAD: Confirmation Pending
USDCAD is currently trending upward. After reaching a new high and closing higher on the 4-hour chart, the pair has started trading within a horizontal range.
I’m expecting a bullish breakout above the range’s resistance. A 4-hour close above 1.3957 would indicate strong buying momentum.
If this occurs, it would confirm the continuation of the bullish trend, with the next resistance level to watch at 1.4008.
I’m expecting a bullish breakout above the range’s resistance. A 4-hour close above 1.3957 would indicate strong buying momentum.
If this occurs, it would confirm the continuation of the bullish trend, with the next resistance level to watch at 1.4008.
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