On our chart, we observe that the pair has an uptrend and the MA (48) is a support level. Recently, the US dollar has a tendency to strengthen, and the Canadian dollar has a certain correlation with the price of oil, showing a weakening relative to the reserve currency.
Therefore, we advise you to consider entering the market for short positions and consider the MA (48) as your level of support. Set targets at the upper border of the Bollinger Band.
Therefore, we advise you to consider entering the market for short positions and consider the MA (48) as your level of support. Set targets at the upper border of the Bollinger Band.
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