USDCAD moving lower this week
**Monthly Chart**
USDCAD is moving within a large range between 1.30000 and 1.40000 level since Oct 2022 as per monthly chart range.
**Weekly Chart**
The pair is still moving within the range after creating a weekly key reversal around the relative equal highs. The obvious move is to downside at least to test demand zone around 1.32000 level.
**Daily Chart**
The expectation for this week is that USDCAD will push lower from previous swing high level. We need to see a pullback reaction before taking the price lower. Next target will be to break the previous swing low below 1.36000 level.
USDCAD is moving within a large range between 1.30000 and 1.40000 level since Oct 2022 as per monthly chart range.
**Weekly Chart**
The pair is still moving within the range after creating a weekly key reversal around the relative equal highs. The obvious move is to downside at least to test demand zone around 1.32000 level.
**Daily Chart**
The expectation for this week is that USDCAD will push lower from previous swing high level. We need to see a pullback reaction before taking the price lower. Next target will be to break the previous swing low below 1.36000 level.
Join our PropSignals Channels on Telegram
t.me/PropsignalAE
t.me/PropsignalAE
Related publications
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.