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Thursday, April 6, 2023

Technical: USD/CAD Price Analysis: Supported by a 5-month-old trendline, climbs steadily

Forex Factory
 
 
Alert Alert Apr 7, 2023, 3:20am
 
Technical: USD/CAD Price Analysis: Supported by a 5-month-old trendline, climbs steadily
After diving towards 1.3400, the USD/CAD is staging a three-day comeback, though it remains trading above a five-month-old support trendline. At the time of writing, the USD/CAD is trading at 1.3474 after hitting a daily low of 1.3446. From a daily chart perspective, the USD/CAD is still neutral to upward biased, despite dipping 2.85% since March 24. ...
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