FX.co ★ crystal66 | USD/CAD

Hello colleagues. I've been watching this pair for the fourth day and it's been trading sideways, with boundaries from the support level at 1.3650 to the resistance level at 1.3730. Today, the price action is still within this range, with a recent attempt to break to the downside, which has been unsuccessful so far. Let's see how the pair will move further, whether the sideways movement will continue or if we should expect other scenarios. To do this, let's look at the technical analysis of the pair for the near future and consider the recommendations. Moving averages - sell, technical indicators - actively sell, conclusion - actively sell. Yes, it seems that we should expect selling pressure for the remaining trading time, although buying pressure is currently dominant. Let's also take a look at any important news releases regarding the pair. Important news has been released from the US, with a rather neutral impact, and there are more important news releases expected, with a neutral forecast at the moment. No significant news is observed from Canada. I expect a southern direction today, likely towards the support level at 1.3650, which is the southern boundary of the sideways range. Buying opportunities may arise towards the resistance level at 1.3685. Therefore, for the remaining trading time, I anticipate a southern direction within the defined sideways range. This is roughly the plan for the remaining trading time. Wishing everyone good luck.