FX.co - USD/CAD analysis for September 15, 2022 - Potential for the upside continuation

2022-09-15T07:50:35

Relevance until2022-09-16

Technical analysis:

USD/CAD analysis for September 15, 2022 - Potential for the upside continuation

USD/CAD has been trading sideways at the price of 1.3160 but I see potential for the upside continuation.

Trading recommendation:

Due to the symmetrical triangle pattern in creation and strong growth in the background, I see potential for the upside continuation.

Watch for the buying opportunities on the intraday dips with the upside objective at the price of 1.3300.

MACD oscillator is showing upside reading, which is good sign that buyers are in control.

Support is set at the price of 1.3138

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Petar Jacimovic

FX.co ★ USD/CAD analysis for September 15, 2022 - Potential for the upside continuation