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TECHNICAL ANALYSIS

We provide an up-to-date Technical Analysis reports of the forex market, metals, oil and global indices to highlight the most important expected movements on the charts.

USDCAD 12.6.2024

Technical Analysis

Wednesday, June 12, 2024 - 11:33

Point Trader Group

USDCAD 12.6.2024

General trend: down.
Expected scenario:
The pair is expected to continue its decline to target 1.3725, provided that trading continues below 1.3794.
Alternative scenario:
The scenario turns bullish with a break of 1.3794, targeting 1.3866
The most important levels
resistance:
1.3794 – 1.3866
support:
1.3725 – 1.3690

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