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FX.co ★ USD/CAD H4 | Rising toward a resistance level?

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Forex Analysis:::2023-11-24T04:05:26

USD/CAD H4 | Rising toward a resistance level?

USD/CAD H4 | Rising toward a resistance level?

The USD/CAD pair is exhibiting bullish potential. The 1st support level at 1.36659, noted for being a multi-swing low support, could act as a strong base. If the price dips further, the 2nd support at 1.36044, an overlap support, might also provide a buffer.

On the upside, the 1stresistance at 1.37588 is marked as a multi-swing high resistance, which could impede bullish progress. A subsequent resistance level is at 1.38239.

Analyst InstaForex
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