USD/CAD bullish run towards end of june and beginning of july 2023
USD/CAD TO EXPERIENCE BULLISH RUN TOWARDS MONTH END AND BEGINNING OF JULY.
Yesterday the USD/CAD traded down and closed the day in the red zone near the price of C$1.3220. Today it, on the contrary, rose a little, having risen to the level of С$1.3240. On the hourly chart, USD/CAD is still trading below the MA (200) H1 moving average line (С$1.3345). The situation is similar on the four-hour chart. Based on the foregoing, it is probably worth sticking to the south direction in trading, and while the USD/CAD remains below MA 200 H1, it may be necessary to look for entry points to sell for the formation of a correction.
- Resistances levels are at: С$1.3275, С$1.3340-55, С$1.3380-90
- Support levels are at: С$1.3210, С$1.3140, С$1.3100
Probably, the main scenario is a continued decline towards
