Dollaro / Dollaro canadese
Short
Aggiornato

USD/CAD Bearish Rejection from Resistance – Pullback Toward Dema

238

USD/CAD has rallied strongly and is currently testing a key resistance area around **1.3950–1.3970**. Price has shown signs of rejection near this supply zone, suggesting that buyers may be losing momentum in the short term.

The chart highlights a potential bearish pullback scenario where price could retrace from the current resistance and move toward the highlighted demand/support zone around **1.3910–1.3920**. This area previously acted as support and may attract buyers again.

**Target:** 🎯 **1.3920** (primary bearish target)
**Resistance Zone:** 1.3950 – 1.3970
**Support Zone:** 1.3910 – 1.3920

**Trading Idea:**
As long as price remains below the resistance zone, the probability favors a short-term correction toward the marked target area. A strong breakout above **1.3970** would invalidate the bearish outlook and could signal further upside continuation.
Trade attivo
active
Trade chiuso: obiettivo raggiunto
my given target is achieved

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