Canadian Dollar Faces Bearish Trend Below 1.3743, Eyes on 1.3628

14 ago

Canadian Dollar Technical Outlook

The Canadian Dollar is exhibiting a bearish trend as long as it trades below 1.3743, with the potential to reach 1.3628.

For a bullish reversal, the price would need to stabilize above 1.3743, potentially extending the trend toward 1.3828.

Key Levels:
- Pivot Price: 1.3743
- Resistance Levels: 1.3773, 1.3825, 1.3862
- Support Levels: 1.3660, 1.3628, 1.3552

Expected Movement Range: The price is anticipated to fluctuate between 1.3612 and 1.3773.

20 ago

Trade chiuso: obiettivo raggiunto

The price has declined by approximately 125 pip

A break below 1.3600 would confirm a downward move, targeting 1.35510 and 1.35275. However, if the price stabilizes above 1.36285, it could support a rise toward 1.36890.

23 ago

Trade chiuso: obiettivo raggiunto

UPDATE

the price reached all our targets perfectly which is about over 280 pip
So now still running to get 1.3451 as well especially if can stabilized under 1.3494