USD/CAD:Anticipating Pullback and Bullish Impulse Towards 1.3670
The USD/CAD currency pair is experiencing a resurgence in buying interest, leading to a renewed intraday high around 1.3605 during the early hours of Tuesday's European trading session. This positive movement marks the first upward trend in three consecutive days.
This notable upward shift is reflected in the Loonie pair's reversal from an upward-sloping support line that has been in place since May 8th. Based on our analysis, we anticipate a potential retracement towards the previous support region, followed by a bullish surge towards the 1.36700 level.
This notable upward shift is reflected in the Loonie pair's reversal from an upward-sloping support line that has been in place since May 8th. Based on our analysis, we anticipate a potential retracement towards the previous support region, followed by a bullish surge towards the 1.36700 level.
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