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USDCAD DAILY OUTLOOK: Like a textbook

Trader 1 · July 15, 2026
General

Performing like a textbook according to my logic:

Break of 12-day pivot (last Friday) sent a bearish directional signal

Firm break of 12-day range bottom (1.4149) accelerated the downside.

Question is whether the 1.3950 target can be reached with pivotal 1.40 level standing in the way.

Shorter-time frames show 1.4075 as a minor resistance.

(AT daily chart)

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