USD/CAD Price Analysis: Hovers above 1.3650 major level on surging US Dollar

USD/CAD moves above 1.3650 due to the upbeat US Dollar. Technical indicators suggest a bullish momentum in the price movement. The nine-day EMA emerges as immediate support, followed by the 23.6% Fibonacci retracement. Monday. The pair is receiving upward support due to a recovery in the US Dollar . A firm break above the latter could open the doors for the USD/CAD pair to explore an area near the major level at 1.3750 lined up with the previous week’s high at 1.3785, following the 1.

3622 level. The Moving Average Convergence Divergence indicator is indicating stronger momentum in the price movement as it lies above the centerline and the signal line. This configuration suggests an upward trend in the market. However, the prevailing upward momentum in the USD/CAD pair indicates a bullish bias, as the 14-day Relative Strength Index remains above the 50 level. USD/CAD: Daily Chart USD/CAD: important levels to watch Overview Today last price 1.3671 Today Daily Change 0.

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