USD/CAD D1 Technical June 10

USD/CAD is under pressure now. Pair has tested 1.0160 level but get a bounce. Bollinger bands are not providing clear signals yet. Price action on 1.0160 level should be carefully watch.

If pair manage to break support level and H4 candle closure below 1.0160 level then USD/CAD will continue its bearish trend.

The scenario will be vanished. If USD/CAD manage to break through its resistance 1.0234 level and D1 closure above this level will allow pair to move upward and target 1.0290 level.

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