The price of USDCAD increased since Monday, giving a possibility of profit taking is about to happen during high impact USD and CAD news tonight. Expecting price to go into area of 78.6 fibonacci and 1.3500 price (as in the purple rectangle) pre-news, and will go low around 1.3425 area and further 1.3375 area, at least.
Note
Update:Price didn't went into the marked box, it went down straightaway.
I would say this idea is not valid
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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.