USD/CAD is preparing for correction

The USD/CAD pair after the rapid growth on Tuesday approached the significant resistance 1.3300, which corresponds to the upper limit of the two-month upward channel. An additional factor to the correction is the downward divergence, which can be traced on higher timeframes. On the formation of a reversal and breakthrough support: 1.3280-60 we should expect the support test: 1.3220 and 1.3200. At the same time, the pair remains upward, despite overbought, and is limited by resistance levels: 1.3300 and 1.3320.

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Hanzenko Anton

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