Wed, Oct 05, 2022 @ 15:19 GMT
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USD/CAD Should Climb Much Higher

The USD/CAD is expected to increase and to resume the yesterday’s minor bullish candle. Price retested the 1.2460 static support, failing to retest the upper median line (uml) of the descending pitchfork and the median line (ml) of the blue ascending pitchfork.

The next upside target will be at the median line (ML) of the major red ascending pitchfork and at the 1.2678, actually, it could be attracted by the confluence area formed between these two resistance levels.

MultiBank Exchange Group
MultiBank Exchange Grouphttp://www.mexgroup.com
Multibank Exchange Group (MEX Group) is a multinational financial derivatives dealer. Established in California in 2005, MEX has offices in several countries around the world, including the US, the UK, Australia and China. Mex Group is regulated by the Australian Securities and Investment Commission (ASIC) in Australia, the Ras al Khaimah Free Trade Zone (RAK) in the United Arab Emirates and the Financial Services Commission (FSC) in the British Virgin Islands.

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