Hello traders, welcome back to another market breakdown.
USDCAD has failed to break below old lows with a follow-through. The price deviated and came back inside the range. I expect the price to grow more after testing the last S/R level.
As mentioned before, I was waiting for the breakout from the current range then I'll look to engage with the pull-back phase.
Breakout seems already to happen.
BOC will cut before the FED
-> strong USDCAD