USDCAD Bearish drop off?

  • February 4, 2026
  • Posted by: EWGFX
  • Category: Technical analysis
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USD/CAD has rejected off the resistance level, which is a pullback resistance and could drop from this level to our take profit.

Entry: 1.3683
Why we like it:
There is a pullback resistance level.

Stop loss: 1.3760
Why we like it:
There is a pullback resistance that aligns with the 61.8% Fibonacci retracement.

Take profit: 1.3566
Why we like it:
There is a pullback support level that is a pullback support that aligns with the 61.8% Fibonacci retracement.