The USD/CAD is still bearish. The price is straddling the moving averages and it indicates that the trend is followed towards the next support.
USD/CAD Technical Analysis
1.2585 break is bearish
Interim support 1.2600
MA straddling
H4 Chart USD/CAD
Swing 1
Higher low
Swing 2
Start of breakout
Target
The USD/CAD is still bearish. The price is straddling the moving averages and it indicates that the trend is followed towards the next support. Interim support is 1.2600. The break of support is targeting 1.2585 previous low and strong level to break. If 1.2585 breaks then 1.2530 and 1.2454 could be targets. Deeper correction only above 1.2687 – weekly resistance.
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