Good Level for a Pullback
USDCAD has tested and rejected the Yearly R2 pivot @ 1.350 and also considering that the DXY closed an important imbalance zone this is a perfect level for a pullback within the context of this bullish trend. The correction target would be the upper diagonal channel line which also corresponds to the missed weekly pivot and 61% Fibonacci retracement level.
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.