USDCAD - Buy Opportunity After Resistance Break

19 Oca

USDCAD has broken above a critical resistance level and is aligning with bullish trend continuation by retesting this level as support. If the support holds, I expect a move upward toward 1.45300, aligning with the bullish trend.

Conversely, if the support is broken, the bullish outlook could weaken, paving the way for further declines.

Traders should monitor this zone closely for signs of buyer strength before taking long positions. Do you see this playing out similarly? Let’s discuss in the comments below!

19 Oca

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