Trend Expected Direction: Down.
Method: Resistance and Support levels, Pivot points.
Description: We can notice that the USD/CAD is under the Pivot point ( 0.9945 ) and the currency pair just could not break it through. We expect a continued downtrend towards 0.9900. The first support level and a breakthrough will confirm more downtrend until 0.9875.
Action: Best action is to sell under the Pivot point.
Target Area: first target 0.9900, second target 0.9875.
Stop Loss: above the Pivot point 0.9980.