On the H4 USDCAD has broken its dynamic support line, there is a potential “double top” pattern due to the price breaking the ascending channel and crossing the ichimoku cloud. We are moving toward the possibility of a price fall from the sell entry at 1.3025.
The price is below the MACD indicator which is a signal for a short position.

• There is resistance 1.30356 followed by resistance at 1.30581 and 1.30728
• There is support at 1.30025, Below, there is 1.29600 and 1.29210.

Note: We do not suggest any investment advice, and these analyses are just to increase the traders’ awareness but not a certain instruction for trading.

usdcad