usd cad analysis today

The USD/CAD pair has been in a strong bullish trend, recently reaching its highest level since April 2020 at 1.4460. However, last Friday, the pair experienced a slight pullback, closing the weekly candle at 1.4370. Despite this minor correction, the overall sentiment remains bullish, with buyers in control of the market. Key Technical Observations On the H4 chart, the 50 EMA and 200 EMA are providing strong dynamic support, reinforcing the pair's upward momentum. A sustained break above the 1.4460 level could push the pair toward the next significant resistance at 1.4560. Key Levels to Watch Resistance Levels: 1.4460, 1.4560…

The USD/CAD pair closed last Friday at 1.4230, continuing its bullish momentum. On the 4-hour chart, a strong uptrend is visible, with the 50 EMA and 200 EMA acting as dynamic support levels, reinforcing the pair's overall bullish structure. Technical Analysis The current trend suggests that USD/CAD may extend its upward movement in the coming sessions, though short-term corrections are possible before the trend resumes. Support Levels: Immediate support is found at 1.4110 and 1.4000. If the price dips toward these levels, it could present buying opportunities for traders looking to capitalize on the broader uptrend. Resistance Levels: If the…