See also
22.08.2023 07:37 AM
The USD/CAD chart currently shows a weak bearish momentum, indicating a potential downward trend towards the 38.2% Fibonacci retracement support level. The 1st support at 1.3502 is identified as an overlap support that aligns with the 38.20% Fibonacci retracement level. Additionally, the 2nd support at 1.3445 is also identified as an overlap support that aligns with the 61.80% Fibonacci retracement level.
To the upside, the 1st resistance at 1.3568 is identified as an overlap resistance that aligns close to the 61.80% Fibonacci projection level. Furthermore, the 2nd resistance at 1.3650 is a multiple swing-high that aligns with the 78.60% Fibonacci projection level
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*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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