Price has reached the daily supply/sell zone, with the 4H structure appearing bullish. We anticipate a retracement before looking for buy opportunities. Two scenarios: a buy setup or a break of the demand zone leading to sells. Remember, USDCAD often moves inversely with oil prices due to Canada's role as a major oil exporter. Monitor oil prices closely!
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.