FX.co ★ USD/CAD

Hello traders, On the USDCAD pair, on Friday, the decline continued as expected, and the price managed to consolidate in the Envelopes selling zone on both the hourly and four-hour timeframes below the resistance zone limited by the levels of 1.4023 - 1.4054, with the closing price at 1.3976. Therefore, from the market opening, we can now expect a slight pullback to the resistance level of 1.4023, which can be used to open new short positions on the pair, with the target for such sales being the support level at 1.3881.