USD/CAD Daily Outlook: Bullish Bias Strengthens Toward Key Resistance at 1.3790
Tuesday, 16 July 2024, 06:20
USD/CAD Technical Analysis
The intraday bias in USD/CAD remains bullish with the focus on the 1.3790 resistance level.
Key Points:
- Resistance Level: 1.3790
- Corrective Pattern: Completed near 1.3588
- Validating Potential Uptrend Continuation
- Breakout Signal: Above 1.3790
- Target: Resumption towards 1.3845
Conclusion: The USD/CAD pair's technical analysis suggests a bullish momentum aiming to breach the 1.3790 resistance level, indicating a potential uptrend continuation towards 1.3845.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.