USDCAD bounced from a demand zone but the broader structure still points lower.
Price may climb into the 1.4020–1.4040 supply zone to collect liquidity before a deeper move down.
Main idea:
Retracement first → continuation toward the weak low.
As long as price stays below supply, downside remains the preferred path.
Price may climb into the 1.4020–1.4040 supply zone to collect liquidity before a deeper move down.
Main idea:
Retracement first → continuation toward the weak low.
As long as price stays below supply, downside remains the preferred path.
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Disclaimer
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.