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USDCAD 24.2.2025
General Trend:
The price is in a short-term bearish trend after failing to maintain recent strong gains. A significant resistance zone exists at 1.42728, and the price is currently trading below this level.
Expected Scenario:
Bullish Scenario:
If the price breaks 1.4272 and stabilizes above it, an upward move toward the next resistance at 1.4671 may occur.
Continued bullish momentum could lead the price toward 1.4774.
Bearish Scenario:
If bearish pressure persists, the price may decline to test the support at 1.3995.
A break below this level could lead to a deeper decline toward 1.3850.
Key Levels:
Resistances: 1.4272 - 1.4671 - 1.4774
Supports: 1.3995 - 1.3850
Disclosure of risk: Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.
