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USD/CAD
Yesterday was a significant day for the USD/CAD pair — the price broke through the resistance of the balance indicator line and the target level of 1.3810, accompanied by the Marlin oscillator entering the growth territory.
It is evident that the nearest resistance at 1.3860 (the May 29 high) is likely to be broken, and the price will continue to rise toward the upper boundary of the ascending range at 1.3928. A breakout of this level will open the path to the target at 1.3958.
On the H4 chart, the price has consolidated above both indicator lines and above the 1.3810 level, while the Marlin oscillator continues to rise in positive territory. The nearest target at 1.3860 is now open.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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