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USD/CAD is trading higher at the 1.3223 level. It should resume the upward movement after jumping above the major downtrend line. I have told you before that the pair will maintain a bearish outlook as long as it stays below the downtrend line.
Yesterday's aggressive breakout of the downtrend line, dynamic resistance suggested that USD/CAD should develop a significant upwards swing. Personally, I am expecting the pair to resume its upward momentum as long it stays above the new uptrend line. A minor decrease could help us to buy this pair.
You could buy it if USD/CAD reaches another high and ijumps above the 1.3259 level or after a temporary decline. The price could decrease a little to test the 1.3137 static support level again and the uptrend line before jumping way higher.
1.3376 is seen as a potential upside target if USD/CAD resumes its bullish momentum.
*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।
ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।
