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28.02.2025 04:57 AM
USD/CAD Forecast for February 28, 2025

On the daily chart, the price is nearing a significant resistance level, which is characterized by the MACD line, the price channel line, and the resistance at 1.4464.

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If the price breaks through this level, it could pave the way for growth toward 1.4667 and then 1.4800. However, the Marlin oscillator's signal line has shown a slowdown in its upward movement, indicating a potential pullback from the resistance.

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On the H4 chart, the Marlin oscillator is not showing an immediate inclination to decline. There is a strong likelihood that the price will surpass the 1.4464 level and consolidate above it, especially in preparation for key events occurring next week.

Laurie Bailey,
Analytical expert of InstaForex
© 2007-2025
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