Current price: 1.3625
Key point: 1.3620
Our preferred direction: Sell positions below 1.3620 levels with 1.3380 as a first target and then 1.3300 as a second target.
Alternative scenario: Stop loss and change the trend by breaking the 1.3620 level, targeting the 1.3900 levels.
Technical commentary
The USD/CAD pair fell from the harmonic pattern on the daily frame and from the resistance levels 1.3845-1.3895, to be in a state of breaking and stability below the support levels 1.3620 and breaking the ascending trend line from the bottom of last January, the pair will head to the levels of 1.3380
