USDCAD recently broke down the uptrend and retested the imbalance area. We can witness a smooth move of 240 pips taking. We will have to wait for price to settle down on Monday as we had NFP On Friday.
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Personally, I believe that combining technical analysis with an awareness of fundamental events like the NFP report is a wise approach. It allows traders to make more informed decisions and manage risk effectively. Let's keep a close eye on USDCAD in the coming days to see how this potential trade opportunity unfolds.