FX.co ★ USD/CAD

USDCAD 5-Minutes Analysis: The current pricing behavior of the USD/CAD currency pair is the main subject of our investigation. The triangle itself resembles an uptrend, and USD/CAD formed an upper trendline from it. There will be a pullback if he is unable to complete the advance, but after some time and with the capacity to retreat, there will be an exit with a target of about 1.43195, as the third wave will reach it, or even higher. The slide might continue if you stage a breakout of the 1.41975 range. The strengthening may continue as it produces an upward impulse that breaks out of the 1.41975 zone. The rate might drop further with a price breach of the 1.41425 region, in which case it would be wiser to sell because the gain could be a correction. There could be a drop in the 1.41095 range. If there is a chance of a break below 1.40995, it will be a great selling option. If there is a minor rebound in the 1.42185 level on Monday, the fall may continue. The downward trend may continue from the resistance range, which is located at 1.42215. It makes sense to sell following bullish dips because the focus is on a declining currency rate. An impulse bullish wave will form on the daily chart when we try to break through the 1.40915 range; it is best to sell during this time. It will be a sell indication when it passes 1.41015. After the 1.40415 range breaks, a bearish impulsive wave will start.