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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 23.4.2025

Technical Analysis
Wednesday, April 23, 2025 - 12:55
Point Trader Group
USDCAD 23.4.2025

General Trend:

The pair is in a downtrend after breaking below 1.4164 and is now testing support at 1.3854. Bearish momentum remains strong based on the AO indicator.

Expected Scenario:

Bearish Scenario:

- A break below 1.3854 may send the price toward 1.3700 and then 1.3414.

Bullish Scenario:

- A bounce from 1.3854 could lead to a retest of 1.4164.

Key Levels:

Resistances: 1.4164 – 1.4513 – 1.4620  

Supports: 1.3854 – 1.3700 – 1.3414

  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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