USDCAD rebounding, likely resuming uptrend eyeing 1.39
USDCAD seems to be attracting bids just above the 0.618 retracement and support at 1.3618.
Since RSI is still showing positive sentiment with no divergence, break above 1.3731 combined with an RSI close back above 60 threshold will confirm USDCAD has resumed uptrend with upside potential to 1.3928, possibly higher
A daily close below 1.3618 will reverse this bullish scenario and likely push USDCAD down to t6he 0.786 retracement at 1.3556
Since RSI is still showing positive sentiment with no divergence, break above 1.3731 combined with an RSI close back above 60 threshold will confirm USDCAD has resumed uptrend with upside potential to 1.3928, possibly higher
A daily close below 1.3618 will reverse this bullish scenario and likely push USDCAD down to t6he 0.786 retracement at 1.3556