Hello traders, I send you another currency pair with the same trend, hope it will help everyone a little.
⚡️USDCAD⚡️
⚡️USD/CAD halts its downtrend, finding support at 1.3489, 0.14% higher.
If the pair sustains above 1.3489, it could target resistance levels at 1.3550, 1.3580 and the psychological mark of 1.3600.
A break below 1.3489 could signal bearish continuation, at 1.3463 and at 1.3413.
⚡️USDCHF⚡️
⚡️ USD/CHF extended the week's gains to five consecutive days and hit a new two-month high at 0.8977, however, it remained just shy of reclaiming the 0.9000 figure. However, the pair will resume its uptrend and challenge the 0.9039 level as buyers reclaim the 0.9000 level. At the time of writing, the major pair is trading at 0.8963 after hitting a daily low of 0.8944.
⚡️The daily chart depicts the pair's recovery after printing a new year-to-date (YTD) low of 0.8552. Since then, USD/CHF has posted a 4.50% gain as buyers stepped in and lifted the exchange rate to current levels. Although buyers have regained the 0.8774 level, they remain shy of continuing to take charge unless they reclaim the psychological 0.9000 figure, at 0.9039. Once those areas are cleared, the next test will be the May 31 high of 0.9147.
⚡️Wishing everyone a successful trading week⚡️