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Bullish And Holding On To Recent Gains

USDCAD TECHS
  • RES 4: 1.3970 3.236 proj of the Aug 25 - Sep 7 - 13 price swing
  • RES 3: 1.3896 3.00 proj of the Aug 25 - Sep 7 - 13 price swing
  • RES 2: 1.3822 2.764 proj of the Aug 25 - Sep 7 - 13 price swing
  • RES 1: 1.3808 High Sep 26
  • PRICE: 1.3793 @ 08:00 BST Sep 28
  • SUP 1: 1.3560/3468 Low Sep 26 / 23
  • SUP 2: 1.3322 20-day EMA
  • SUP 3: 1.3129 50-day EMA
  • SUP 4: 1.2954 Low Sep 13 amd a key support

USDCAD maintains a clear bullish tone and the pair is holding on to recent gains. The recent extension reinforces bullish conditions and maintains the positive price sequence of higher highs and higher lows. Moving average studies are in a bull mode position, highlighting current market sentiment. Sights are set on 1.3822 next, a Fibonacci projection. On the downside, initial firm support is at 1.3322, the 20-day EMA.

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