USD/CAD is testing the resistance at 1.3000. A breakout of this level would indicate that the upside movement from 1.2450 has resumed, then further rise towards 1.3100 area could be seen.
USD/CAD is testing the resistance at 1.3000. A breakout of this level would indicate that the upside movement from 1.2450 has resumed, then further rise towards 1.3100 area could be seen. Support is at the bottom trend line of the price channel on the 4-hour chart, only a clear break below the channel support could signal completion of the uptrend.
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