USD/CAD 1HR // 22 April 2024 Analysis
USD/CAD has a decent uptrend on the 1HR timeframe with 2 good touches.
We can wait to see what the price does when it reached the trendline and see if it respects the area of support/resistance marked around the 1.37000 area.
If it does respect the trendline and bounces off, we can look into potential buys. Potential target could be previous high around 1.38321.
We can wait to see what the price does when it reached the trendline and see if it respects the area of support/resistance marked around the 1.37000 area.
If it does respect the trendline and bounces off, we can look into potential buys. Potential target could be previous high around 1.38321.