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Credit Suisse: USD/CAD eyes "double bottom" base, with potential to move higher

Credit Suisse: USD/CAD eyes
Credit Suisse analyzes the USD/CAD currency pair and identifies a potential "double bottom" base formation, indicative of a more substantial move upwards. Here are the critical details:Potential Double Bottom Base: Credit Suisse sees a possibility for a "double bottom" base if USD/CAD trades above 1.3389 on a sustained basis. Closing above this level would signal a more concerted move higher.Next Key Resistance: If the pair moves above 1.3389, the next significant resistance is identified... Read More
Posted: Aug 8 2023, 18:11
Author Name: forexlive
Views: 092041

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