Canadian Dollar Faces Bearish Trend Below 1.3743, Eyes on 1.3628

2024年8月14日

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.

2024年8月20日

トレード終了: 利益確定目標に到達

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.

2024年8月23日

トレード終了: 利益確定目標に到達

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