FX.co ★ USD/CAD

Hello everyone and profitable trading! For the USD/CAD pair, we managed to push the price above the south reversal zone, which is limited by the levels 1.4123 - 1.4148. However, the pair failed to make a significant increase, and by the end of the trading session, the USD/CAD pair decreased to the support level of 1.4148. The closing price is 1.4151, which is only 3 points to the south, indicating a return to the specified reversal zone, leaving only a false breakout above it. Therefore, if tomorrow, at the opening of trading, the USD/CAD pair returns to the range of 1.4123 - 1.4148, this will open the way for the USD/CAD pair to continue falling towards the support at 1.4006, which will only be a pullback from the four-hour scale rise.