USDCAD Is Very Bullish! Long!

3 thg 4, 2023

Here is our detailed technical review for USDCAD.

Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish

The market is trading around a solid horizontal structure1.345.

The above observations make me that the market will inevitably achieve 1.398.

P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.

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