USDCAD Sell Signal: Bearish Bias Below 1.3875 with Targets at 1.3820 and 1.3800
Analysis
USDCAD is currently trading near a key resistance level at 1.3875 on the intraday structure. As long as price remains below this level, the market is expected to exhibit choppy price action with a bearish bias.
The inability to break and hold above 1.3875 suggests that sellers are still in control. This creates a short opportunity targeting lower liquidity zones at 1.3820 and 1.3800, where price is likely to react.
Sell Setup:
- Entry: 1.3875
- Stop-Loss (SL): 1.3895
- Take Profit 1 (TP1): 1.3820
- Take Profit 2 (TP2): 1.3800