USDCAD reached a strong weekly structure based on 2017/18 price action.
The market looks very oversold after Friday's move.
On hourly the price has formed a double bottom formation as a confirmation signal.
Now pullback is expected.
Initial goal:
1.281
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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.