Analysis of the Canadian dollar pair and the expected upcoming decline

Short-term analysis of the USD/CAD pair.

 

The USD/CAD pair is moving in a sideways movement

Strong sell signals have begun to appear on the pair

This is because a minor uptrend has been broken.

The pair is expected to fall in the event of breaking the current demand areas and closing below them with a 4-hour candle.

The decline is expected to the targets specified on the chart.

In the event of activation and breaking the area, the decline expectation fails

by returning and closing above the current demand areas.