
USD/CAD Forecast Today 19/6: Finding Buyers (Video+Chart)
- The US dollar initially rallied a bit against the Canadian dollar, but it continues to see a lot of resistance near the 1.3750 level. That's an area that is the beginning of significant resistance, and if we can break above there, then we could make a move towards the 1.3850 level. This is an area that has been important multiple times, so I do think there's a certain amount of“market memory” attached to this region. It also makes it a juicy target.
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