The USDCAD moved above its 100 hour MA after the stronger US CPI. Watching assist now.
The USD/CAD has moved above the 100-hour shifting common at 1.4317 following the discharge of U.S. CPI knowledge. Holding above this stage retains patrons in management, reinforcing the bullish momentum. Nonetheless, a transfer again under might weaken the upside response and sign a lack of energy.
On the upside, the following key resistance stage is 1.4348. A break above this may open the door to a stronger goal at 1.4368, a stage that aligns with earlier swing highs and lows relationship again to January 28.
If patrons push past 1.4368, the main target shifts to the 200-hour shifting common at 1.4382. A sustained transfer above this stage would additional strengthen bullish sentiment and point out a possible continuation of the uptrend.
This text was written by Emma Wang at www.ubaidahsan.com.
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