USD/CAD Price Analysis: Bulls hit the wall above 1.3800 within rising trend channel

USD/CAD Price Analysis: Bulls hit the wall above 1.3800 within rising trend channel USDCAD Technical Analysis SwingTrading ChartPatterns SupportResistance

Clear upside break of the multi-day-old horizontal resistance, upbeat MACD signals favor buyers.traces dicey markets as it makes rounds to 1.3825-35 during early Friday.

That said, the USD/CAD dribbles near the top line of a one-month-old ascending trend channel, close to 1.3860 by the press time, as the bullish MACD signals join the previous day’s clear break of the key upside hurdle surrounding 1.3805-15. In a case where the USD/CAD price remains firmer past 1.3900, the previous yearly high surrounding 1.3980 and the 1.4000 psychological magnet will be in focus.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

FXStreetNews /  🏆 14. in US

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

USD/CAD Price Analysis: Bulls retain control above 1.3800, highest since October 2022The USD/CAD pair attracts some dip-buying near the 1.3785 region and climbs to a fresh high since October 21 during the early North American session o
Read more »

USD/CAD Price Analysis: Bulls run out of steam near 1.3830 hurdleUSD/CAD makes rounds to 1.3800 as bulls take a breather near the highest levels since late October 2022 during early Thursday. The Loonie pair’s lates
Read more »

USD/CAD Price Analysis: Bears are attempting to move in, 1.3720 is keyUSD/CAD is riding dynamic support after Federal Reserve's chairman Jerome Powell said that the Fed is prepared to increase the pace of rate hikes if d
Read more »

USD/JPY Price Analysis: Bulls testing the 200 DMA on the front side of bull trendUSD/JPY remains on the front side of the bull trend with the US Dollar still perched near a three-month high on Thursday. Traders have repriced a more
Read more »

USD/JPY Price Analysis: 200-DMA prods bulls at three-month high amid overbought RSIUSD/JPY Price Analysis: 200-DMA prods bulls at three-month high amid overbought RSI USDJPY Technical Analysis SwingTrading ChartPatterns SupportResistance
Read more »

AUD/JPY Price Analysis: Stays depressed below 90.00 ahead of BoJ but bulls keep the reinsAUD/JPY Price Analysis: Stays depressed below 90.00 ahead of BoJ but bulls keep the reins AUDJPY Technical Analysis ChartPatterns SwingTrading BOJ
Read more »