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TECHNICAL ANALYSIS

We provide an up-to-date Technical Analysis reports of the forex market, metals, oil and global indices to highlight the most important expected movements on the charts.

USDCAD 15.4.2025

Technical Analysis
Tuesday, April 15, 2025 - 12:44
Point Trader Group
USDCAD 15.4.2025

General Trend:

The price broke a strong support zone at 1.4164 and is now trading clearly below it, reflecting dominant bearish pressure and likely continuation of the downtrend.

Expected Scenario:

Bearish Scenario:

- Continued movement below 1.4164 may lead the pair down toward 1.3841 and 1.3700.

Bullish Scenario:

- A sudden rebound above 1.4164 could retest the 1.4513 area as major resistance.

Key Levels:

Resistances: 1.4164 – 1.4513 – 1.4620  

Supports: 1.3841 – 1.3700 – 1.3560

  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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