empty
 
 
31.10.2022 03:32 PM
USD/CAD: upside breakout in cards

This image is no longer relevant

USD/CAD Downside Seems Over!

The USD/CAD pair turned to the upside after failing to stabilize below the down channel's downside line. Now, it's almost to reach the downtrend line which represents a dynamic upside obstacle. As you already know, the 1.3744 former high stands as an upside obstacle as well.

You knew that only dropping and stabilizing below 1.3503 activates a larger downside movement. As long as it stays above this level, the currency pair could come back higher.

USD/CAD Trading Conclusion!

Jumping and stabilizing above the downtrend line and above 1.3744 really confirm that the downside movement ended and that the price could come back higher at least towards the 1.3925 higher high. This scenario helps the buyers to jump into the market again as USD/CAD could approach and reach new highs.

Ralph Shedler,
Analytical expert of InstaForex
© 2007-2025
Summary
Urgency
Analytic
Ralph Shedler
Start trade
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $6000 more!
    In December we raffle $6000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback