USDCAD 8.10.2024

Technical Analysis
Tuesday, October 08, 2024 - 13:02
Point Trader Group

General Trend: Bearish

Expected Scenario:

The pair is expected to continue its bearish trend if it fails to break the current resistance level at 1.3627. If the support at 1.3437 is broken, the decline may extend towards 1.3375.

Alternative Scenario:

If the price manages to break the resistance at 1.3627, we could see a rise towards the next resistance levels at 1.3753.

Key Levels:

Resistance: 1.3627 – 1.3753

Support: 1.3437 – 1.3375

  Disclosure of risk:     Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.


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