SroshMayi

USDCAD (Bearish Momentum)

Short
SroshMayi Updated   
FX:USDCAD   U.S. Dollar / Canadian Dollar
USDCAD

The Canadian Dollar is exhibiting a bearish trend as long as it remains below 1.3678, with targets set at 1.3628 and 1.3612.

A reversal and stabilization above 1.3689 would indicate a shift to a bullish trend, potentially extending up to 1.3732.

The pivot price is established at 1.3689,
Resistance levels at 1.3732, 1.3773, and 1.3825.
Support levels are marked at 1.3628, 1.3551, and 1.3527.

The expected trading range is between 1.3689 and 1.3612.
Trade closed: target reached:
Hit the Second Target +100 Pip ✅✅

The price is still under bearish pressure, as long as it stabilizes under 1.3612 to get 1.3564 and 1.3527.

Timeframe 4h,1h
Current Price 1.3598


my free signals channel telegram

t.me/Srosh_signals

~6 analyses per day. With a clear entry point
more than 1000 pip per week —— Accuracy +88%

SM World and Economy News 24/7
Urgent News ⚡️:

t.me/SM_News_24h
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.