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Technical analysis: The USD remains positive with 1.3615 resistance capping bulls for now

guntur360
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The USD/CAD keeps trading within an ascending channel, printing higher highs and higher lows, yet with price action limited below an important resistance area at 1.3615. The 50% Fibonacci retracement of the late 2023 sell-off and the trendline resistance are challenging bulls at this level.

On the downside, bearish attempts are limited at 1.3550 so far, with the next support areas at 1.3525 and the base of the channel at 1.3440.


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