CAD – USD/CAD Continues to Rise

The USD/CAD pair is showing signs of recovery on the technical charts. The RSI and Stochastic Oscillator are rising, and the MACD indicator is trending upwards towards the signal line. The pair appears to have found support around 1.36 recently, and its return above 1.3730 could further solidify its rebound. Resistance is seen at 1.3920 and 1.40, with the next levels at 1.4140 and 1.42. Support is seen at 1.38 and 1.3640, with a key level around 1.3550, where the pair found support three times in June and July of last year. The strongest support is expected at the 1.35 level.

Forecast range:
Resistance: 1.3920 - 1.4000 – 1.4140 – 1.4200
Support: 1.3800 - 1.3640 – 1.3550* – 1.3500

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