#USDCAD has reacted from demand and is climbing, but the bigger picture still favors the downside.
Price may push higher into the 1.4010–1.4040 supply area to gather liquidity before sellers take control again.
As long as price remains below that zone,
the downside target stays at the weak low waiting below.
Smart money moves in phases — not in straight lines.
This leg up may just be the refill before the drop.
Price may push higher into the 1.4010–1.4040 supply area to gather liquidity before sellers take control again.
As long as price remains below that zone,
the downside target stays at the weak low waiting below.
Smart money moves in phases — not in straight lines.
This leg up may just be the refill before the drop.
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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.
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.