Now we can observe USDCAD’s first attempt in this year to upbreak its 200-period moving average.
The short moving average is also directed upwards and aiming to cross the longer-period one.
It is most likely that in a week it will become clear whether a “strong” ascending trend will gain shape.
The correction Fibonacci levels are also signaling a good growth potential of the pair.
This content is for informational purposes only and is not intended to be investing advice.
