While we have analyzed USDCAD in the Klarenbach Report, this is is our first Forex analysis for this publication.
The USDCAD weekly chart is below.
Notice the 30-, 40- and 50-Week Moving Averages aligned and rising.
I see USDCAD rising into the confluence of the:
purple 200-week MA;
yellow VWAP from the 2020 high;
0.382 Fibonacci level in lime green;
the previous 2019 support level.
The first target ranges from 1.2944 to 1.30349.
