USDCAD - Negative Range

20 พ.ย.

Generally, the direction is uptrend

Uptrend Side: We will remain in an uptrend as long as the price remains above 1.3961. Consequently, the resistance levels at 1.4015, 1.4063, and 1.4122 will serve as our targets.

Downtrend Side: A break below the support level of 1.3961, confirmed by the closing of a 4-hour candle, will validate a downward trend, with 1.3884 as the next target on the downside.

Tendency Keys: 1.3961

21 พ.ย.

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The USD/CAD exchange rate exhibited positive movement yesterday but has since declined, moving once again below. This development keeps the corrective bearish scenario valid in the short term, with a break of the 1.3916 level anticipated to pave the way for further decline toward the next corrective target at 1.3884.