FX.co - USD/CAD analysis for September 24, 2021 - Downside continuation in the play

2021-09-24T11:40:38

Relevance until2021-09-25

Technical analysis:

USD/CAD analysis for September 24, 2021 - Downside continuation in the play

USD/CAD has been trading upside today but the main resistance at the price of 1,2700 is on the test. I see potential for the downside continuation.

Trading recommendation:

Due to major resistance at 1,2700 on the test, I see potential for the downside continuation and re-test of the 1,2640.

Watch for selling opportunities in case of the reversal patterns.

Downside target is set at 1,2700

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Petar Jacimovic

FX.co ★ USD/CAD analysis for September 24, 2021 - Downside continuation in the play