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USDCAD 22.10.2024
General Trend: The general trend is bullish, with the price trading near a key resistance level at 1.3837 following a strong upward move, supporting the potential for continued upward momentum.
Expected Scenario: If the resistance level of 1.3837 is broken, the price could extend its rise towards the next higher level at 1.3879.
Alternative Scenario: If the price fails to break the current resistance, we may see a bearish reversal towards the support level at 1.3677, and if this level is broken, further decline towards 1.3474 may follow.
Key Levels:
Resistance: 1.3837 - 1.3879
Support: 1.3677 - 1.3474
Disclosure of risk: Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.
