FX.co ★ USD/CAD

On the USD/CAD pair, H1 timeframe. The pair is trading near the day's opening level at 1.3820 and close to the daily Pivot level at 1.3826. The main indicators show a bearish trend, and the price is below the 72-period moving average trend line, where volume unloading usually occurs. Above the level of 1.3826, the price will move towards 1.3843 and potentially to 1.3855 and higher. Below the level of 1.3826, the pair will continue its descent towards 1.3810 and possibly to 1.3801 and lower. The pair is trading above the monthly Pivot level at 1.3801 (previous was 1.3625), below the weekly Pivot level at 1.3923, and near the daily Pivot level, indicating a corrective sentiment for the pair. The current pivot level for this session is at 1.3826. The first resistance is at 1.3843, and the first support is at 1.3810.