USD/CAD has been in a steady downtrend, but price action is now testing a key demand zone between 1.3780–1.3830, which has previously acted as a strong support area. The descending trendline is being tested, and bullish rejection from this zone suggests potential for a structural shift.
If the pair breaks and retests the 1.3900–1.3980 supply zone (highlighted in purple), it could confirm a trend reversal. The next key upside targets lie at 1.4100, 1.4200, and potentially 1.4400, providing an excellent swing trade opportunity.
Trade Plan:
Watch for: Bullish rejection + trendline break
Confirmation: Retest of 1.3900–1.3980 zone
Target Levels: 1.4100, 1.4200, 1.4400
Invalidation: Break below 1.3780 zone
Market Outlook:
Bullish reversal scenario is in play as price tests key support and downward pressure begins to weaken. Wait for confirmation before entering a long position. Ideal for swing traders looking for medium-term setups.
If the pair breaks and retests the 1.3900–1.3980 supply zone (highlighted in purple), it could confirm a trend reversal. The next key upside targets lie at 1.4100, 1.4200, and potentially 1.4400, providing an excellent swing trade opportunity.
Trade Plan:
Watch for: Bullish rejection + trendline break
Confirmation: Retest of 1.3900–1.3980 zone
Target Levels: 1.4100, 1.4200, 1.4400
Invalidation: Break below 1.3780 zone
Market Outlook:
Bullish reversal scenario is in play as price tests key support and downward pressure begins to weaken. Wait for confirmation before entering a long position. Ideal for swing traders looking for medium-term setups.
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。