Hey Traders,
In tomorrow’s trading session, we are monitoring USDCAD for a potential selling opportunity around the 1.38000 zone.
Technical structure:
USDCAD remains in a clear downtrend and is currently in a corrective phase, with price retracing toward the 1.38000 area — a key zone of trend resistance and prior supply. This level represents a technically significant area where sellers may look to reassert control in line with the broader bearish structure.
What to watch:
Price behavior around 1.38000 will be critical. A clear rejection or loss of bullish momentum here could signal trend continuation to the downside.
Trade safe,
Joe
In tomorrow’s trading session, we are monitoring USDCAD for a potential selling opportunity around the 1.38000 zone.
Technical structure:
USDCAD remains in a clear downtrend and is currently in a corrective phase, with price retracing toward the 1.38000 area — a key zone of trend resistance and prior supply. This level represents a technically significant area where sellers may look to reassert control in line with the broader bearish structure.
What to watch:
Price behavior around 1.38000 will be critical. A clear rejection or loss of bullish momentum here could signal trend continuation to the downside.
Trade safe,
Joe
Trade active
Price is testing the trend now!
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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.
Free Telegram Group:
t.me/+0LGgMsgX9TViOGZk
The 1% Traders Club:
t.me/+dMaf68BK5c5hZDA8
t.me/+0LGgMsgX9TViOGZk
The 1% Traders Club:
t.me/+dMaf68BK5c5hZDA8
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.