Technical analysis of USD/CAD 07/18/2024
The USD/CAD currency pair is correcting at (1D) as part of an uptrend.
The pair found support at 1.3590 (38.2% Fibo), (MA200) and is currently trading at 1.3680.
If quotes break through the support level of 1.3590, this will mean the development of a downward correction with the next target in the area of 1.3500 (50% Fibo).
The key resistance is the level of 1.3845 (yearly high). Breaking this level will mean a continuation of the uptrend.
Created by Joshua Hayn
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