• bitcoinBitcoin (BTC) $ 76,693.00
  • ethereumEthereum (ETH) $ 2,092.89
  • tetherTether (USDT) $ 0.999008
  • bnbBNB (BNB) $ 657.00
  • xrpXRP (XRP) $ 1.34
  • usd-coinUSDC (USDC) $ 0.999753
  • solanaSolana (SOL) $ 84.04
  • tronTRON (TRX) $ 0.372818
  • staked-etherLido Staked Ether (STETH) $ 2,265.05
  • figure-helocFigure Heloc (FIGR_HELOC) $ 1.03

USD/CAD Price Forecast: Bullish setup holds, backing case for further gains

The USD/CAD pair reverses an intraday dip to sub-1.3800 levels and fills a modest weekly bearish gap, hitting a fresh daily top during the first half of the European session on Monday.

🔗 Source

💡 DMK Insight

The USD/CAD’s bounce from sub-1.3800 levels is a critical moment for traders. This reversal not only fills a weekly bearish gap but also signals potential bullish momentum. With ADA currently at $0.24, traders should be cautious about how this currency pair’s movement could impact crypto markets, particularly if USD strength continues. A sustained break above recent highs could trigger more aggressive buying, while a failure to hold above 1.3800 might lead to renewed bearish sentiment. Keep an eye on the daily chart for any signs of consolidation or reversal patterns that could indicate the next move. Watch for key resistance around 1.3850, as a break here could lead to further upside, while support at 1.3750 will be crucial for maintaining bullish momentum.

📮 Takeaway

Monitor USD/CAD for a break above 1.3850 or a drop below 1.3750 to gauge potential market direction.

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