FX.co ★ crystal66 | USD/CAD

Well, the price of the USD/CAD pair has finally reached the key resistance level of 1.4000. Today, we are seeing an active price increase throughout the day, and at the moment we are very close to this significant level. I assume that a reversal of the current uptrend will start forming right here. We might see a spike slightly above towards 1.4015, where the upper boundary of the current ascending channel lies. Considering the current situation, selling the pair with a minimum target at 1.3860 is a priority. Potential targets are significantly lower. I expect increased volatility in the market today and tomorrow.