How long will the USDCAD continue to move?

18 ביוני 2021

The USDCAD pair has crossed the resistance level of 1.2201 and it can be said that the formation of the price floor at the rate of 1.2005 has been confirmed. The USDCAD has moved up from the support level of 1.2061-1848, and the short-term trend of the US dollar against the Canadian dollar is up to the resistance area of ​​1.2653-1.263. From the sellers' point of view, with the failure of the support of 1.2155, the short-term market trend will be neutralized.