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Snick3rSD
Feb 15, 2024 7:24 PM

USDCAD - Still bullish ✅ Long

U.S. Dollar/Canadian DollarFXCM

Description

Hello traders!
‼️ This is my perspective on USDCAD.

Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for a long. I want price to go a little bit lower to fulfill the imbalance and then to reject from support zone for a long position.

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Comments
Setupsfx_
Possible view on USDCAD when USD is bullish.
Snick3rSD
DownTheRabbitHole
Great Charting Snickers, To add the CPI, PPI, numbers appear to be stagnant. They may only cut rates 1 or 2 times this year...add in some geopolitical issues and we have much strength in the coming weeks with King Dollar.
Snick3rSD
@DownTheRabbitHole like your explanation, thanks
KennyMSmith
Looking for dxy bullish data to follow through with the bullish order flow, lots of support let’s see if it can hold
Snick3rSD
@KennyMSmith I expect to hold it
alifallahchay3
Nice Analysis
Snick3rSD
@alifallahchay3 thank you
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