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FX.co ★ USD/CAD analysis for October 04, 2023 - Potential for the breakout mode

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Forex Analysis:::2023-10-04T08:03:48

USD/CAD analysis for October 04, 2023 - Potential for the breakout mode

Technical analysis:

USD/CAD analysis for October 04, 2023 - Potential for the breakout mode

USD/CAD has been trading sideways today ad the price of 1.3700 and there is potential for the breakout mode.

In case of the upside breakout of the resistance at 1.3733, there is the chance for the rally towards 1.3800

In case of the downside breakout of the support at 1.3680, there is the chance for the downside movement towards 1.3600

The short-term trend is to the upside...

Analyst InstaForex
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