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USD/CAD Potential Downward Movement

USD/CAD Long-Term Trend: Bearish

Key Resistance Levels: 1.32444, 1.33537, 1.33852

Key Support Levels: 1.31897, 1.31626, 1.31348

4-Hour Chart:

The price on the higher time frame has been in a downtrend recently after it faced resistance at 1.36000 level and reversed the direction. The pair has successfully broken a few support levels which suggests further trend continuation.

USD/CAD Medium-Term Trend: Bearish

30-Minute Chart:

On the lower time frame, the pair is moving in the major trend’s direction. It broke a consolidation zone of 1.33852 and 1.33537 and has sustained below that. As of now the pair has broken and retested a minor level of 1.32444 before continuing the momentum.

Signal Idea:

Sell Stop Order @ 1.32247

TP @ 1.32000

Stop Loss @ 1.32494

Trade Safely 🙂

About Vipul Rathaur

A trader with more than six years of experience, Vipul is a discretionary trader and uses multi time frame analysis for his analysis and price action for his trade signals. Believes that risk management is the secret to making it in this world. He trades major Forex pairs, Indices, and Commodities.


  1. This one did not make it. Stopped out at your sl

  2. Hi. How do i get in touch with admin in 1:1 conversation?

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