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FX.co ★ USD/CAD analysis for September 27, 2022 - Potential for the upside continuation

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Forex Analysis:::2022-09-27T08:05:44

USD/CAD analysis for September 27, 2022 - Potential for the upside continuation

Technical analysis:

USD/CAD analysis for September 27, 2022 - Potential for the upside continuation

USD/CAD has been trading downside during the Asia session and the price tested the level of 1.3637. Anyway, I see potential for the upside continuation of the bigger upside trend.

Trading recommendation:

Due to the strong upside movement.in the background, I see upside continuation.

Watch for the potential buying opportunities on the dips wit hteh upside objective at the price of 1.3790.

Oscillator is showing bullish divergence and fresh bull cross, which is good sign for further upside movement.

Key support is set at the price of 1.3635

Analyst InstaForex
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