USDCAD Chart Technical Outlook

USDCAD Chart Technical Outlook heads north toward the 1.3650 strong resistance
USD/CAD broad bias is bullish, but prices are stretched, DXY as well. This week, the US calendar is very busy, and volatility among USD pairs is expected.
The pair has room for 1.3650 and then 1.3740. Depending on the data outcome, prices could resume the bullish trend or reverse for an extended five-wave corrective pattern, I prefer the latter scenario.
Supports are at 1.3540 and 1.3390 for a long-term projection.
Buying dips would be a better strategy.

We will be happy to hear your thoughts

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