FX.co ★ USD/CAD

For the USD/CAD pair, H1 timeframe. The pair is trading near the daily open level at 1.4165 and near the daily Pivot level at 1.4170. The main indicators are pointing south and the price is below the MA72 trendline, where unloading by volume usually takes place. Above the 1.4165 level, the price will move to the 1.4172 level and possibly to 1.4199 and higher. Below the 1.4165 level, the pair will continue to decline towards 1.4135 and possibly to 1.4100 and lower. The pair is trading above the monthly Pivot level at 1.4077 (previous 1.3737), below the weekly Pivot level at 1.4199 and near the daily Pivot level, which tells us the pair is in a corrective mood. The fork at this hour of the session is the daily open level at 1.4165. The first resistance is at 1.4172, the first support at 1.4135.