FX.co ★ USD/CAD ends its drop

USD/CAD Strong Buyers!

The USD/CAD pair dropped a little in the short term which was natural after its amazing growth. It has failed to stay under the 1.27 psychological level and now it tries to resume its growth.

Also, it has failed to approach and reach the 1.2665 former high signaling strong buyers. Technically, after passing above the downtrend line, the USD/CAD was expected to register an upside reversal.

USD/CAD Trading Conclusion!

Jumping and stabilizing above 1.2778 yesterday's high may signal an upside continuation and could bring new buying opportunities.