Canadian Dollar Faces Bearish Trend Below 1.3743, Eyes on 1.3628

14 באוג׳ 2024

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 באוג׳ 2024

עסקה סגורה: היעד הושג

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 באוג׳ 2024

עסקה סגורה: היעד הושג

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