JinDao_Tai

USDCAD Analysis 10-11-23

Long
FX:USDCAD   U.S. Dollar / Canadian Dollar
Continuation to the upside for the USDCAD, if the price breaks above the current high of 1.3815.

A move higher would be driven by a continual strength of the DXY.

Look for the USDCAD to retest the resistance level of 1.3890, with the potential of a reversal at the resistance.

Free trading community: discord.gg/kPDXU2ZaDt
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.