USD/CAD looks to approach 1.400
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Hello dear friends, USDCAD continues to perform well in terms of price appreciation this week, as the pair may benefit from the decline in crude oil prices.
Looking at several analytical charts, it can be observed that the indicators are supportive of a long-term price increase for USDCAD. The price is currently operating at a resistance level of 1.382. Surpassing this strong resistance level could help propel this currency pair further towards the 1.272 Fibonacci extension level, corresponding to 1.413.
Do you think Karina is too greedy in setting such a target? And do you agree with this analytical viewpoint?
Looking at several analytical charts, it can be observed that the indicators are supportive of a long-term price increase for USDCAD. The price is currently operating at a resistance level of 1.382. Surpassing this strong resistance level could help propel this currency pair further towards the 1.272 Fibonacci extension level, corresponding to 1.413.
Do you think Karina is too greedy in setting such a target? And do you agree with this analytical viewpoint?
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