USD/CAD is showing bearish pressure after rejecting a key resistance zone around **1.3960–1.3965**. Price previously formed a descending channel and failed to sustain a breakout above the resistance area, indicating that sellers remain in control.
The recent rejection near the upper supply zone has led to a fresh decline, with price now moving lower toward the next support level. As long as the pair remains below the resistance zone, the bearish outlook stays intact.
A break below the current intraday support could accelerate selling momentum and push the market toward the highlighted target area.
🎯 **Target:** **1.3905**
🛑 **Resistance:** **1.3960 – 1.3965**
📉 **Bias:** Bearish below resistance
**Trading Idea:** Watch for bearish continuation signals below 1.3945, with sellers targeting the 1.3905 support zone in the short term.
Trade ativo
active activeTrade fechado: stop atingido
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As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.