USDCAD Trying to Maintain Its Persistence on Uptrend



The positive start of the dollar index in the new week ensures that the upward enthusiasm in the parity is maintained. Technically, we will watch the 1.3485 level, which coincides with the uptrend, if the rate stays above this region and the rises pass above the 1.3520 resistance, it may be possible to target the 1.3558 level, which is indicated by the Fibonacci 38.2 percent retracement level. However, if a transition is made under 1.3485 support in possible pressures, 1.3458 and 1.3425 supports may come up again.