From TradingView · · 40s
USDCAD 15M: Resistance Tests and Downside Scenarios
USDCAD faces resistance near 1.39360 with potential downside to 1.39285
In brief
USDCAD faces resistance near 1.39360 with potential downside to 1.39285 USDCAD could drop to 1.39285 if it rejects 1.39360 resistance Originally reported by TradingView.
Recent Bullish Impulse
USDCAD showed a recent bullish push before rejecting session highs near 1.39360
Key Resistance Level
Price faces potential resistance at 1.39360 after recent rejection
Current Price Level
USDCAD is trading near 1.39285 after the rejection
Bearish Scenario 1
If price breaks below 1.39285, it could trigger a short position
Bearish Scenario 2
A drop to 1.39200 might signal further downside momentum
At a glance
USDCAD could drop to 1.39285 if it rejects 1.39360 resistance
