Forex 2.00
Posted August 12, 2026

USDCAD

Buy
BUY
Entry Price
1.3920

Signal Details

Direction
Buy
Entry Price
1.3920
Risk: Reward
1:1.1

Trade Levels

Stop Loss
1.3875
Take Profit 1
1.3950
Take Profit 2
1.3970

Technical Chart

Market Analysis

The Canadian dollar is catching a modest bid against the US dollar Wednesday morning following a sharp retreat.


Key Indicators

  • Price action remains weak. However, the price is approaching a key area of interest, where ascending support aligns with the 1.3900 zone, which could act as a short-term demand area before 1.3850.

Fundamental Context

The currency pair slightly rebounded from the early losses. The price action suggests a battle between bears trying to push toward new lows and bulls defending support zones.

Risk Alert

From a technical perspective, the overall trend remains neutral to bearish following the recent sharp retreat.

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