USD/CAD is trading in an uptrend - Ester Holdings

USD/CAD is trading in an uptrend

The USD/CAD pair maintains a restrained upward trend, despite the movement in the side channel from 1.3200 to 1.3130.

Resumption of growth can be expected at a breakdown of resistance 1.3200-10, which opens the way to resistance levels: 1.3250 and 1.3280.

Support is located at the levels of 1.3170 and 1.3150, fixing below which will indicate the preservation of lateral dynamics and the slowdown of the uptrend.

Read also: “US and China return to the negotiating table”

Hanzenko Anton

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