On the
USD/CAD pair, H1 timeframe. The pair is trading below the day's opening level of 1.4215 and below the daily Pivot level of 1.4305. Key indicators show a bearish trend and the price is below the MA72 trend line, where volume unloading usually occurs. Above the level of 1.4040, the price will move towards the level of 1.4075 and possibly towards the level of 1.4115. Below the level of 1.4040, the pair's descent will continue towards the level of 1.4025 and possibly towards the level of 1.4011. The pair is trading below the monthly Pivot level of 1.4387, below the weekly Pivot level of 1.4298, and below the daily Pivot level, indicating a bearish sentiment on the pair. The fork and support at this session level is 1.4040.
