USDCAD: Bullish Momentum in Play
Price broke out above the descending trendline, showing bullish strength.
After the breakout, price may retest the broken resistance zone before moving higher.
After the better-than-expected data on Thursday and Friday from the U.S the odds are that USDCAD may rise further over the coming week.
The only threat of the US dollar is Trump and the strange game he is playing with his tariffs.
Let's hope he will not make a bigger mess
Key Targets:
1.4000
1.4050
1.4150
As long as price stays above the breakout zone, the bullish scenario remains valid.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Price broke out above the descending trendline, showing bullish strength.
After the breakout, price may retest the broken resistance zone before moving higher.
After the better-than-expected data on Thursday and Friday from the U.S the odds are that USDCAD may rise further over the coming week.
The only threat of the US dollar is Trump and the strange game he is playing with his tariffs.
Let's hope he will not make a bigger mess
Key Targets:
1.4000
1.4050
1.4150
As long as price stays above the breakout zone, the bullish scenario remains valid.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
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✅MY FREE Signals Channel
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
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.