Yesterday the USD/CAD traded down and closed the day in the red zone near the price of C$1.3355. Today it also fell a little, dropping to C$1.3330. On the hourly chart, USD/CAD is still testing resistance - the moving average line MA (200) H1 (С$1.3345). On the four-hour chart, the USD/CAD is still below the MA 200 H4 line. Based on the above, it is probably worth sticking to the south direction in trading, and while the USD/CAD remains below MA 200 H4, it may be necessary to look for entry points to sell at the end of the correction.
Resistances levels are at: С$1.3440, С$1.3495, С$1.3570
Support levels are at: С$1.3290-00, С$1.3225-40, С$1.3140-55
Probably, the main scenario is a renewed decline towards C$1.3300 (Nov 18 low).
The alternative scenario is a consolidation above the MA 200 H1 line, followed by growth to С$1.3495 (Nov 21 high).
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