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FX.co ★ USD/CAD Analysis for February 24. 2023 - Potential for the upside continuation

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Forex Analysis:::2023-02-24T09:20:10

USD/CAD Analysis for February 24. 2023 - Potential for the upside continuation

Technical analysis:

USD/CAD Analysis for February 24. 2023 - Potential for the upside continuation

USD/CAD has been trading upside and there market respected the rising trend-line, which is good sign for the further upside movement.

Due to the strong upside movement and the upside momentum, I see potential for the higher price towards the upside structural objectives.

Upside objectives are set at 1.3610 and 1.3660

Stochastic oscillator is showing fresh bull cross, which is another good sign for the further upside movement.

Key support is set at 1.3525

Analyst InstaForex
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