Earlier today, the pair tested, then broke below the 1.38607 support, triggering further downside and clearing the way for a test of the next swing level at 1.38252. That level has now also given way, and the market is eyeing the extreme lows from 2025, including:
1.37698 (swing low from April 30)
1.37497 (low for year from May 6, 2025)
1.3441 (61.8% retracement of the 2023–2024 rally - not shown)
? Bias: Bearish below 1.3860. Breaks of 1.3825 and 1.3781 increase downside momentum toward the 2025 low extreme zone.
On the upside, 1.3860 now becomes initial resistance, with a broader bearish risk zone up to 1.3891–1.3904. A move back above this range is needed to signal any meaningful shift in control.
This article was written by Greg Michalowski at www.forexlive.com.Hence then, the article about usdcad pushes to new lows now down 0 70 on the day was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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