FX.co ★ USD/CAD

For the USD/CAD pair on the H1 timeframe. The pair is trading below the daily open level of 1.3780 and below the daily Pivot level of 1.3785. The main indicators are pointing south and the price is below the MA72 trend line, where unloading by volume usually occurs. Above the 1.3765 level, the price will move to the 1.3785 level and possibly to 1.3800 and higher. Below the 1.3765 level, the pair’s decline will continue to the 1.3760 level and possibly to 1.3740 and lower. The pair is trading below the monthly Pivot level of 1.4080 (previous 1.4077), below the weekly Pivot level of 1.3900 and below the daily Pivot level, which tells us about a bearish sentiment for the pair. The fork at this hour of the session is the 1.3765 level. The first resistance is at 1.3785, the first support at 1.3760.