USD/CAD: Consolidation Before a New Bullish Impulse. LONG

6 Mar 2023

The USD/CAD is still bullish, and in the last few sessions, the price, after making a double bottom on the support area (green rectangle), has been trying to make a new bullish impulse to the resistance area around 1.39000 but actually, the price is still in a consolidation setup, and usually, this kind of situation gives the possibility for the Value to explode in one direction. Our forecast remains long, after we get the signal from the ISOFOREX indicator.