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29.05.202309:34 Forex Analysis & Reviews: USD/CAD analysis for May 29, 2023 - Broken support cluster

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Technical analysis:

USD/CAD has been trading downside and I found the breakout of the support cluster at the price of 1.3590, which is good sign for the further downside movement.

Due to the breakout of the support cluster and the increasing in the downside movement, I see potential for the further lower prices towards downside references.

Downside objectives are set at 1.3540 and 1.3490

MACD is showing increasing of the downside momentum, which is good sign for the further lower prices....

Key resistance is set at the price of 1.3650

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