USDCAD – Sell Into Resistance Amid Bearish Continuation

Sell Limit

• Entry: 1.3700
  
• Target: 1.3600
  
• Stop Loss: 1.3750
  

Duration: Intraday
Expires: 13/06/2025 06:00

Technical Overview

• The broader trend remains bearish, and current price action does not indicate a reversal of the recent downtrend.
  
• A correction toward resistance at 1.3700 offers a low-risk short entry.
  
• A move below 1.3625 would confirm renewed bearish momentum, aligning with the measured move target of 1.3575.
  
• The short-term RSI has turned negative, reinforcing downside pressure.
  

Traders should remain aware of upcoming U.S. data, with the PPI release at 13:30 UTC potentially triggering short-term volatility.

Key Technical Levels

• Resistance: 1.3675 / 1.3700 / 1.3725
  
• Support: 1.3625 / 1.3600 / 1.3575
  

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