FX.co ★ USD/CAD analysis for October 25, 2022 - Potential for futther bigger growth

Technical analysis:

USD/CAD has been trading sideways at the price of 1.3710 but I see potential for further bullish continuation.

Trading recommendation:

Due to the strong upside cycle in the background I see potential for the further upside continuation.

Watch for the potential buying opportunities with the upside objective at 1.3855, 1.3980 and 1.4200.

Stochastic oscillator is showing fresh upside cross, which is sign that there is potential for further rally.

Key support is set at the price of 1.3600