FX:USDCAD   U.S. Dollar / Canadian Dollar
USDCAD

This pair has been on a steady downtrend. The last few support areas only held long enough for price to create range. Looking at the current break of structure, if the price closes below this area, the next point of interest is the low on the daily time frame.

If the price manages to close above the support line that it just broke, we will see a retest of the highs.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.