On the daily chart, USDCAD rebounded and stabilized after testing the upward trend line, indicating a short-term bullish trend. Currently, watch for support around 1.406; a pullback and stabilization above this level could present buying opportunities. Resistance is seen around 1.414, with further resistance around 1.430 after a break above this level.
Penafian
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Penafian
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.