Technical analysis:
USD/CAD has been trading upside today and I found breakout of the triangle pattern, which is good sign for the further growth.
Due to the breakout of the tight triangle and strong upside momentum, I see potential for the further growth towards upside references.
Upside objectives are set at the price of 1.3390 and 1.3425
Stochastic oscillator is showing upside reading with no major sign for the downside rotation.
Intraday support is set at the price of 1.3350
The material has been provided by InstaForex Company – www.instaforex.com
Technical
analysis:
USD/CAD
has been trading upside
today and I found breakout of the triangle pattern, which is good
sign for the further growth.
Due
to the breakout of the tight triangle and
strong upside momentum, I see potential for the further growth
towards upside references.
Upside
objectives are set at the price of 1.3390 and 1.3425
Stochastic
oscillator is showing upside
reading with no major sign for the downside rotation.
Intraday
support is set at the price of 1.3350
The material has been provided by InstaForex Company – www.instaforex.com
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