USD/CAD Breakout Likely To Occur

Downside risks pressured the US Dollar against the Canadian Dollar on Wednesday. The USD/CAD currency pair declined by 112 pips or 0.90% during Wednesday’s trading session.

Currently, the exchange rate is trading near the lower boundary of a descending channel pattern at 1.2395 and could be set for a breakout.

If the breakout occurs, a decline towards the weekly S2 at 1.2307 within this session.

However, if the channel pattern holds, a surge towards the 1.2485 area could be expected today.

0 views0 comments



Trading involves the possibility of financial loss. Only trade with money that you are prepared to lose, you must recognize that for factors outside your control you may lose all of the money in your trading account. Many forex brokers also hold you liable for losses that exceed your trading capital. So you may stand to lose more money than is in your account. Smart Analysis Pvt takes not responsibility for loss incurred as a result of our trading signals. By signing up as a member you acknowledge that we are not providing financial advice and that you are making a the decision to copy our trades on your own account. We have no knowledge on the level of money you are trading with or the level of risk you are taking with each trade. You must make your own financial decisions, we take no responsibility for money made or lost as a result of our signals or advice on forex related products on this website.


Credit  & Debit Card

  • Black Facebook Icon
  • Black Instagram Icon
  • Black YouTube Icon

© 2023 by Personal Life Coach. Proudly created with