Canadian Dollar Analysis and a Potential Sell Opportunity on the Daily Chart

Key Zones for Potential Selling of the USD/CAD Pair (Long-Term)

The USD/CAD pair is currently moving in a strong uptrend on the daily timeframe, with the upward momentum expected to continue.

The rise is projected to reach daily supply zones—areas from which the pair has previously reversed—where a pullback or corrective downward move is anticipated.

Projected Targets

A decline is expected from the identified supply zones near the 1.4214 level, targeting the 1.4150 and 1.4070 levels, respectively.

This bearish outlook would be invalidated if the price breaks through the supply zones and closes above them on a daily candle.