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USDCAD 17.9.2024
General Trend: Bearish
Expected Scenario:
The pair may attempt to continue its downward trend if it fails to break through the current resistance around 1.3605. If negative momentum increases, as indicated by the "Awesome Oscillator" below, the price could target lower support levels at 1.3447 and 1.3404.
Alternative Scenario:
If the price manages to break the resistance at 1.3605 and hold above it, we might see the beginning of a corrective upward move towards the 1.3756 level as the first target, and possibly higher levels at 1.3837.
Key Levels:
- Resistance: 1.3605 - 1.3756
- Support: 1.3447 - 1.3404
Disclosure of risk: Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.
