USDCAD After a powerful bullish run, USD/CAD has reached a major resistance zone around 1.41782 - 1.42088.
Price is showing signs of exhaustion near this area, and if buyers fail to break above resistance, a pullback could develop. The first bearish target sits at 1.41308, with further downside potential toward 1.40881 and 1.40293.
A decisive breakout above 1.42088 would invalidate
📉 Bias: Bearish below 1.42088
🔻 Targets: 1.41308 → 1.40881 → 1.40293
🚫 Invalidation: Sustained break above 1.42088
🔥Trading futures, forex, CFDs and stocks carries a risk of loss.
Please consider carefully whether such trading is suitable for you.
>>GooD Luck 😊
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Price is showing signs of exhaustion near this area, and if buyers fail to break above resistance, a pullback could develop. The first bearish target sits at 1.41308, with further downside potential toward 1.40881 and 1.40293.
A decisive breakout above 1.42088 would invalidate
📉 Bias: Bearish below 1.42088
🔻 Targets: 1.41308 → 1.40881 → 1.40293
🚫 Invalidation: Sustained break above 1.42088
🔥Trading futures, forex, CFDs and stocks carries a risk of loss.
Please consider carefully whether such trading is suitable for you.
>>GooD Luck 😊
❤️ Like and subscribe to never miss a new idea!
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• Partnership Support 🤝
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