USD / CAD pair resumes growth

After a low-key correction, the pair USD / CAD resumed growth and updated the maximum near the significant resistance of 1.2900. The signal for purchases will be the consolidation of a pair above this resistance, which will confirm the safety of the uptrend from February this year.

Also, the pair USD / CAD is near the significant resistance level 1.2900-60, which limits the working out of the figure “double bottom” on the weekly chart. This can serve as an excellent long-term purchase transaction. In the shorter term, consolidation above 1.2900 opens the way to resistance levels: 1.2980 and 1.3030-50. Support is located at the levels: 1.2870 and 1.2820.

H4 USD / CAD Graph. Сurrent price 1.2910.

Ganzenko Anton