USD/CAD’s daily chart RSI signals a bullish breakout. The pair could challenge key resistance near 1.2811. USD/CAD is currently trading near 1.2740, representing 0.20% gains on the day. The 14-day Relative Strength Index has exited the multi-week-long bearish channel, signaling an end of the decline from late October highs and reversal higher. As such, the pair looks set to challenge the upper end of the daily chart falling wedge, currently at 1.2811. A violation there would confirm a falling wedge breakout and open the doors for a rally to at least 1.30. A break below the Dec. 15 low of 1.2688 would invalidate the immediate bullish bias. Daily chart Trend: Bullish Technical levels FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next US FDA informs Moderna it will rapidly work towards its COVID-19 vaccine approval FX Street 2 years USD/CAD's daily chart RSI signals a bullish breakout. The pair could challenge key resistance near 1.2811. USD/CAD is currently trading near 1.2740, representing 0.20% gains on the day. The 14-day Relative Strength Index has exited the multi-week-long bearish channel, signaling an end of the decline from late October highs and reversal higher. As such, the pair looks set to challenge the upper end of the daily chart falling wedge, currently at 1.2811. A violation there would confirm a falling wedge breakout and open the doors for a rally to at least 1.30. A break below the Dec. 15 low of… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
