#USDCAD: Intraday Bearish Confirmation
USDCAD has the potential to keep falling as it has been consolidating in a horizontal range on a 4-hour time frame after a significant downward movement.
The support of the range was recently broken, showing the strength of sellers and suggesting a likely continuation of the bearish trend.
I believe the pair could soon reach the 1.4215 level.
The support of the range was recently broken, showing the strength of sellers and suggesting a likely continuation of the bearish trend.
I believe the pair could soon reach the 1.4215 level.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.