USD/CAD may target the upper boundary of the rectangle around 1.4060. The 14-day Relative Strength Index remains above 50, signaling an active bullish bias. The pair may find its initial support at ...

The rectangle is a classical technical analysis pattern described by horizontal lines showing significant support and resistance. Rather than modern technical analysis, which relies on indicators, ...

USD/CAD tests the upper boundary of the rectangle around 1.3780. The market outlook is bullish as the 14-day RSI remains above the 50 level. The primary support appears at the 50-day EMA of 1.3738.