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24.09.2021 01:40 PM
USD/CAD analysis for September 24, 2021 - Downside continuation in the play

Technical analysis:

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USD/CAD has been trading upside today but the main resistance at the price of 1,2700 is on the test. I see potential for the downside continuation.

Trading recommendation:

Due to major resistance at 1,2700 on the test, I see potential for the downside continuation and re-test of the 1,2640.

Watch for selling opportunities in case of the reversal patterns.

Downside target is set at 1,2700

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