The USD/CAD chart analysis suggests a potential bearish continuation for price with the following key resistance and support levels:
Resistance Levels:
The 1st resistance level at 1.3523 is identified as a "Pullback resistance". This level represents a significant barrier for upward price movement.
The 2nd resistance level at 1.3555 is also described as a "Pullback resistance", indicating another critical resistance zone.
Support Levels:
The 1st support level at 1.3423 is noted as an "Overlap support". It represents a key support level where buyers may provide some stabilization.
The 2nd support level at 1.3342 is described as a "Pullback support". This level can serve as additional support below the first level.
