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USDCAD 8.10.2024
General Trend: Bearish
Expected Scenario:
The pair is expected to continue its bearish trend if it fails to break the current resistance level at 1.3627. If the support at 1.3437 is broken, the decline may extend towards 1.3375.
Alternative Scenario:
If the price manages to break the resistance at 1.3627, we could see a rise towards the next resistance levels at 1.3753.
Key Levels:
Resistance: 1.3627 – 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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