USD/CAD maintains a common uptrend

Despite almost two-week, USD/CAD moves in the sideways trend from 1.2820 to 1.2900. The pair continues to trade in the general uptrend, which can be traced from the middle of April. To resume this trend, the pair needs to exit from the side channel and gain a foothold above 1.2900-20, which in turn will indicate the preservation of the existing uptrend and will open the way to resistance levels: 1.2980 and 1.3000-30. The return of the pair below the level of 1.2850 will call into question the safety of the uptrend.

Fig. USD/CAD. Current price – 1.2860

USD CAD by zikfrit18 on TradingView.com

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Hanzenko Anton