USDCAD 9.8.2024

Technical Analysis
Friday, August 09, 2024 - 12:43
Point Trader Group

General trend: down. 
Expected scenario:
Update August 9: The scenario still exists.
The pair is trading below the 1.3900 level, which enhances the chances of it falling to $1.3600.
Alternative scenario:
The scenario turns bullish with a break of $1.3900, targeting $1.4000.
The most important levels
resistance:
1.3900 – 1.4000
support:
1.3700 – 1.3600

  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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