Canadian Dollar Faces Bearish Trend Below 1.3743, Eyes on 1.3628
Canadian Dollar Technical Outlook
The Canadian Dollar is exhibiting a bearish trend as long as it trades below 1.3743, with the potential to reach 1.3628.
For a bullish reversal, the price would need to stabilize above 1.3743, potentially extending the trend toward 1.3828.
Key Levels:
- Pivot Price: 1.3743
- Resistance Levels: 1.3773, 1.3825, 1.3862
- Support Levels: 1.3660, 1.3628, 1.3552
Expected Movement Range: The price is anticipated to fluctuate between 1.3612 and 1.3773.
The Canadian Dollar is exhibiting a bearish trend as long as it trades below 1.3743, with the potential to reach 1.3628.
For a bullish reversal, the price would need to stabilize above 1.3743, potentially extending the trend toward 1.3828.
Key Levels:
- Pivot Price: 1.3743
- Resistance Levels: 1.3773, 1.3825, 1.3862
- Support Levels: 1.3660, 1.3628, 1.3552
Expected Movement Range: The price is anticipated to fluctuate between 1.3612 and 1.3773.
Trade closed: target reached
The price has declined by approximately 125 pip
A break below 1.3600 would confirm a downward move, targeting 1.35510 and 1.35275. However, if the price stabilizes above 1.36285, it could support a rise toward 1.36890.
Trade closed: target reached
UPDATE
the price reached all our targets perfectly which is about over 280 pip
So now still running to get 1.3451 as well especially if can stabilized under 1.3494
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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
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.