Currently, USD/CAD is trading at 1.3891. After starting a downtrend on 25 March, the pair is now moving towards its support level at 1.3857. As the price is already trading in the downtrend, if the price breaks the support level at 1.3857, it may continue its downtrend and then the first target will be at 1.3694.

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Rishikesh Lilawat

Rishikesh Lilawat
Rishikesh Lilawat

Rishikesh Lilawat has over seven years of experience in trading Forex and commodities markets, out of which three years in two investment banks as a professional Forex and commodities trader. He holds an M.B.A degree in finance and business analytics from the University of Pune. Realizing the central role of a trader and because of his personal and particular interest in trading, He built skills in market research, technical analysis, fundamental analysis, risk management, and fund management, etc and focus his efforts on communicating and sharing views on market trends and patterns.