On the daily chart, USD/CAD has stabilized at lower levels. Currently, attention should be paid to the resistance around 1.3725; a break above this level could lead to further upward movement, with a target around 1.3878. When the price reaches 1.3878, watch for a potential bearish bat pattern, as this level falls within a previous supply zone.
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.
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.