USD/CAD Price Analysis: Set-up favours bulls, move to 1.3900 remains on the cards – by hareshmenghani USDCAD Technical Analysis Majors Currencies
r this Tuesday. Spot prices climb back to the 1.3800 mark during the early North American session and look to build on the recent rally witnessed over the past week or so.
From a technical perspective, the USD/CAD pair, so far, has been struggling to find acceptance or build on the momentum beyond the 1.3830-1.3840 supply zone. This makes it prudent to wait for strong follow-through buying beyond the daily swing high, around the 1.3855 region, before positioning for a further appreciating move.
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