USDCAD: Key Levels to Watch 🇺🇸🇨🇦

11 Kas 2022

USDCAD has recently formed a head and shoulders pattern on a daily.
After its neckline breakout, we saw a sharp bearish movement yesterday.

Here are the key levels for you to watch:

Support 1: 1.315 - 1.323 area
Support 2: 1.2955 - 1.2983 area
Support 3: 1.2895 - 1.2955

Resistance 1: 1.3495 - 1.357 area
Resistance 2: 1.375 - 1.3825 area

Consider these structures for pullback/breakout trading.
I believe that sellers will push the market at least to Support 1.

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