Support & Resistance

USD/CAD analysis for October 25, 2022 – Potential for futther bigger growth

Technical
analysis:

analytics63578d86e3bcb.jpg

USD/CAD
has been trading sideways
at the price of 1.3710 but I see potential for further bullish
continuation.

Trading
recommendation:

Due
to the strong upside
cycle in the background I see potential for the further upside
continuation.

Watch
for the potential buying opportunities with
the upside objective at 1.3855, 1.3980 and 1.4200.

Stochastic
oscillator is showing fresh upside cross,
which is sign that there is potential for further rally.

Key
support is set at the price of 1.3600

The material has been provided by InstaForex Company – www.instaforex.com


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