USD/CAD going for a bearish fall

May 16, 2023

By checking the usdcad chart pattern we would see that many sellers came into the market at 1.36397. making it to be our supply zone. Then formed bearish candles till it hits a support zone at 1.33649. making it out demand zone. an FVG has been confirmed expecting a bullish trend towards to supply zone. We are expecting usdcad to hit the supply zone before going for a bearish market in the 4hrs time frame. This might take days before out targets are achieved. Look out for more updates..