USD/CAD Retests The Minor Uptrend Line!
The USD/CAD pair dropped a little after failing to stabilize above the 1.3692 historical level which stands as an upside obstacle. Now, it's trading at 1.3618 at the time of writing. It has reached the minor uptrend line which represents a downside obstacle. The uptrend line stands as a downside obstacle as well. The pair could resume its growth if it stays above these downside obstacles.
USD/CAD Trading Conclusion!
Staying above the uptrend line, jumping, and stabilizing beyond 1.3692 could activate further growth. This is seen as a buying opportunity as well.
