USD/CAD Long-Term Trend: Bearish
Key Resistance Levels: 1.2655, 1.2752, 1.2810
Key Support Levels: 1.2504, 1.2469, 1.2405
The price on the higher time frame has recently broken dynamic support of 1.2609 and heading towards the downward direction. We can also see rejection wicks in recent candles. We expect the move to continue with some momentum.
USD/CAD Medium-Term Trend: Bearish
On the lower time frame, the pair is moving in the direction of the major trend. we can see a lower-high, lower-low pattern formation and the price has broken a minor support zone. If the price holds below the upper resistance line, the trend should be maintained.
Sell Limit Order @ 1.2591
TP 1 @ 1.2507
TP 2 @ 1.2456
Stop Loss @ 1.2633
Trade Safely 🙂