🇺🇸 USDCAD 🇨🇦 - Growth of the pair along with the dollar inde
USDCAD may continue the growth phase within the local uptrend. The favorable background for the currency pair is the strong dollar, which is strengthening after last week's news. The pair may test the resistance and after a small correction continue the growth to the far target.
Reasons for further gains:
1) A strong dollar that continues to rise
2) Against this background, the Canadian dollar is weakening.
3) Uptrend
4) Som local resistance structure
Reasons for further gains:
1) A strong dollar that continues to rise
2) Against this background, the Canadian dollar is weakening.
3) Uptrend
4) Som local resistance structure
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