OB identified on the 1H chart, buy limits in place in anticipation for push up.
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Typical bank move to take out London/NY lows, smart money takes out dumb money and pushes price up.
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We saw the USD was weak on the 17th and took into account the fact CAD is being pushed by the growing prices of Oil due to Texas cutting production. Since then, we've seen the USDCAD drop 90 pips where profit has been taken.
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As expect the USDCAD took a dive, I provided the analysis earlier this week which can be found in the linked idea below.
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