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USDCAD 1.10.2024
General Trend: Bearish
Expected Scenario:
The pair is expected to continue its bearish trend if it fails to break the current resistance at 1.3587. A break below the support at 1.3437 could lead to further decline toward 1.3375.
Alternative Scenario:
If the price manages to break the resistance at 1.3587, we might see a rise toward the next resistance levels at 1.3605 and 1.3753.
Key Levels:
Resistance: 1.3587 – 1.3605 – 1.3753
Support: 1.3437 – 1.3375
Disclosure of risk: Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.
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