USDCAD OUTLOOK
Updated
Short term: Bearish
long Term: Bullish
Expecting price to reject the 4hr FVG around 1.35200. We can see that price has bounced off this area on multiple occasions over the past month and it also satisfies for the 0.6 fib level.
That being said, confirmation on a LTF would be necessary as price could easily fall to the daily low around 1.34600 and/or reject the trendline.
long Term: Bullish
Expecting price to reject the 4hr FVG around 1.35200. We can see that price has bounced off this area on multiple occasions over the past month and it also satisfies for the 0.6 fib level.
That being said, confirmation on a LTF would be necessary as price could easily fall to the daily low around 1.34600 and/or reject the trendline.
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