Price on USDCAD is at a important decision point. All timeframes are bearish but we are sitting at weekly resistance that has held since 2022. Just by looking at the trend I would want price to go below that zone and shift structure so we can look for a entry to sell. But in my opinion I think this week it will do some retracing back to one of those higher zones. As the week goes on we will see how price plays out.
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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.