FX.co ★ Mieke | USD/CAD

USDCAD Price Activity: The USD/CAD currency pair price evaluation is what we are now researching. Particularly after the erroneous fall of the 1.39709 support level, the price has been moving considerably in the direction of bullishness. The dollar-Canadian pair has increased by 180 points as a result. It's best to wait for a clear signal and aim for the 1.35349 support level if you wish to sell. To guarantee a possible profit over the 1.35349 support level, put stop-loss settings 150 points above the entry price. The Canadian dollar made three failed efforts to break through the horizontal resistance zone at 1.41799 throughout the trading week. Aggressive candlesticks were resisted by sellers, holding the price below the crucial 1.41769 level and stabilising around the 1.41329 support level. Sellers will probably push the chart below this level starting on Monday, which may lead to a decline toward 1.40829 or below. We may anticipate a positive trend with goals of 1.42599 and 1.42829 if the price solidly crosses 1.41799. The slide continues despite little upward impetus, hitting the 1.41729 level and maybe going further. A price fall is probable if the price breaks below 1.41749, while a reversal of the exchange rate, aiming for resistance around 1.41869, might be indicated if the price surpasses 1.41799. On the other hand, selling might be triggered if present prices fall below 1.41519, with an emphasis on hitting 1.41169. A further slide, maybe to 1.41169, might result from a breakdown and price fixing below 1.41119. A breach over 1.41819 would indicate rising momentum, while testing the 1.41319 area may presage a further drop. Price dips into the 1.40519 level may result from sellers trying to maintain prices below 1.40619.