Breakout Confirmed: USD/CAD Plunges Beyond Key Support Level, Signalting Intensified Downtrend
USD/CAD has sharply broken below key support levels, confirming a strong bearish trend with momentum indicators signaling further declines. Watch resistance at 1.3370 and support near 1.3200 and 1.3115. Weak US economic data and steady oil prices underpin this move, pointing to continued downside risk in the near term. Stay alert for potential pullbacks amid this volatile environment. #Forex #USDCAD #TechnicalAnalysis
