USD/CAD resumes its growth

The USD/CAD pair, on the renewed optimism towards the American dollar and weakening oil prices, has returned to the general upward trend, having generated significant support at the levels: 1.3440 and 1.3460, which corresponds to the lower limit of the ascending channel.

Entry into the purchase deals is worth to look above the level of 1.3480-90.

Significant resistance and goals are located at levels: 1.3520 and 1.3550.

Read also: “US dollar index (DXY) as an auxiliary
indicator for trading in commodity currencies “

Hanzenko Anton

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