Technical analysis of USD/CAD 01/30/2024
The USD/CAD currency pair at (1D) is developing an upward correction.
The pair has hit resistance at 1.3540 (50% Fibo) and is currently consolidating in the area of 1.3400.
The technical picture suggests the possible development of an upward correction with a target in the area of 1.3620 (61.8% Fibo). Breaking through this level will mean the correction will transition into uptrend with a target in the area of 1.3740.
The nearest support is the area at level 1.3350.
Created by Joshua Hayn
Did you like this article? Share it with your friends!
Leave a Reply