Straight No BS on USDCAD
We've been coming down on a long sustained downtrend since March. By a structural view of the daily trend this seems to have ran out of steam. What seems to be coming to be is a strong reversal of at least half of the last trend which should yield an approximate advance of at least 500 pips. What seems to be developing right now is still a very unpredictable structure and only future price action will show price true path.
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.