CAD – USD/CAD breaks recent support, brewing further decline

USD/CAD trend, and the original exchange rate was only narrowly sideways, so this time the break is expected to see the US dollar will see extended downward pressure. The current resistance looks back to 1.3750 and the 25-day average of 1.3820, and the key is the 1.40 that has not been broken recently. The supporting level will look at 1.3560, and the next level reference is 1.35, and then pay attention to the low of 1.3418 in September last year.

Forecast range:
Resistance 1.3750 - 1.3820 – 1.4000*
Support 1.3560 – 1.3500 – 1.3418

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