Strongest Selling Zones for the USD/CAD Pair on the Daily Timeframe

The USD/CAD pair continues its strong upward trend, rebounding from weekly demand zones and experiencing accumulation activity on the daily timeframe.

The outlook remains positive, with the pair expected to continue its upward movement towards the identified sell zones on the chart.

Selling Zones and Expected Targets

The upward movement is currently expected to continue, targeting the first sell zone near 1.4088, which is considered one of the most important selling zones for the pair.

If this level is tested, a corrective decline is expected, potentially reaching 1.40400 and then 1.39800.

However, if the price breaks above and closes above the first sell zone, a further upward move is expected, targeting the next zone near 1.42140, which is considered the most important sell zone for the pair. A decline from this level is anticipated.

Strongest Sell Zones for the CAD/USD Pair on the Daily Chart The CAD/USD pair continues to move within a strong uptrend, driven by a rebound from weekly demand zones and accumulation on the daily chart. Forecasts continue to indicate that the pair will rise further, reaching the sell zones identified on the chart. Selling Zones and Expected Targets The pair is currently expected to continue its upward movement, targeting the first supply zones near the 1.4088 level, which are considered the most significant selling zones for the pair at present. If these zones are tested, we expect to see a corrective decline in the pair down to the 1.40400 and 1.39800 levels, respectively. However, in the event of a breakout and close above the first resistance zones, we expect the upward trend to continue, reaching the next zones near the 1.42140 level, which are currently the most significant resistance levels for the pair; from there, we expect the pair to decline.