CAD maintains a gradual climb 24/2/2023

Technically, and by looking at the 240-minute chart, the pair maintains its stability above the 50-day simple moving average, which returned to carry the price from below, and we find the stochastic indicator trying to get rid of the intraday negativity.

Therefore, the possibility of maintaining the quiet rise to the upside still exists, targeting 1.3580 as the first target, taking into consideration that its breach is a catalyst that enhances the chances of touching 1.3620 & 1.3650.

From below, the return of tradinNote: Today, we are awaiting important economic data issued by the US economy, “primary personal consumption expenditure”, and we may witness a high fluctuation in prices at the time of the news release.g stability below 1.3500 leads the pair to retest the strong support floor 1.3470, before determining the next price direction.

Note: Today we are awaiting important economic data issued by the US economy “primary personal consumption expenditure”, and we may witness a high fluctuation in prices at the time of the news release.

Note: Today, we are waiting for the speech of the “Chairman of the Federal Reserve”, which has a significant impact, and we may witness fluctuations in prices during the issuance of the speech.

S1: 1.3510	R1: 1.3580
S2: 1.3470	R2: 1.3620
S3: 1.3430	R3: 1.3690