USD/CAD trying to reach 0.9700

The diagram shows a trendsmässig increase. The intensity of 0,9550 stopped the decline. The price rises and is likely to reach the resistance at 0,9750.

H1: here we see a strong ascending impulse, which puts higher highs and is testing the 0,9700. The zone coincides with the channel’s upper limit, and thus, there are increasing signs of a stronger supply response at the margin. The support and the lower edge is located close to the psychological level 0,9650.

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