➡️Two weeks ago USDCAD reached 1.2950 which was a huge jump from 1.2500. However, we predicted that move and you can find it in the previous idea. From 1.2950 we can see a pullback with ABC pattern which I expect to end soon.
➡️This week, I expect price to find support soon around 1.2470-1.2490, then turns up and establishes a bullish movement which can continue for 1-3 weeks.
➡️ Hope this idea helps you to have a better understanding of this pair and plan your future trades.
This is a personal analysis and please do your own research, review multiple ideas and then make plan.