FX.co ★ USD/CAD

On the USD/CAD pair, H1 timeframe. The pair is trading below the day's opening level of 1.3850 and below the daily Pivot level of 1.3855. Key indicators show a bearish trend, and the price is below the MA72 trend line, where volume unloading usually occurs. Above the level of 1.3835, the price will move towards 1.3850 and potentially to 1.3860 and above. Below the level of 1.3835, the pair will continue its descent towards 1.3829 and possibly to 1.3815 and below. The pair is trading above the monthly Pivot level of 1.3801 (previous 1.3625), below the weekly Pivot level of 1.3923, and below the daily Pivot level, indicating a strong correctional sentiment for the pair. The current session's fork level is 1.3835. The first resistance level is at 1.3850, with the first support at 1.3830.