USDCAD Price Analysis: Bulls are gearing up for an advance – by fx_ross USDCAD Technical Analysis
However, the trendline support remains a favourable target.
. While the greenback is out of favor, and sentiment may take time to switch, the technical are aligned for a move up. The price is making a move for it on the backside of the micro trendline. This is a bullish development for the days ahead. A break above 1.3390 opens the risk of a move to the major trendline opens the risk of a break above 1.3575 and much further.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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