USDCAD's 2nd uptrend failed and the 4-hour correction trend line was broken. It has become a correction pattern, and if it finds support in the daily demand zone below, a second rise could come. The upper side is around the weekly supply zone, and the direction is expected to change based on the red dotted line.
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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.