Technical analysis of USD/CAD 01/17/2025

The USD/CAD currency pair is developing an uptrend on (1D).

The pair has hit the resistance level of 1.4470 and is currently trading in the 1.4400 area.

The technical picture suggests a continuation of the uptrend with a target of 1.4670 (2016 high).

The nearest support is the 1.4200 level area (23.6% Fibo).

USDCAD_STPDaily

Created by Joshua Hayn

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