Weekly Forecast Based on Simplified Wave Analysis for USD/CAD

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The downward wave that formed on the USD/CAD chart tis year has been followed by a corrective move since late May. The pair is largely confined to a sideways price channel. The current wave structure remains incomplete, lacking final segment.

Forecast:

The pair may decline further in the coming days, reaching the support zone. A reversal and upward movement from support may follow. The resistance zone reflects the upper boundary of the pair's expected weekly volatility.

Potential Reversal Zones

Resistance: 1.3800/ 1.3850
Support: 1.3640/ 1.3590

Recommendations:

Selling: Possible intraday in small volumes, not beyond the support zone.
Buying: Consider only after confirmed reversal signals appear near support.

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