USDCAD could lead to an uptrend in the daily bullish pattern. But upwards, a downward wave could be triggered by the influence of the 4-hour supply zone. A breakout of the 4-hour supply zone and support near this area will result in a 4-hour uptrend and may renew a high. Conversely, if the 4-hour bearish pattern continues, it will move down towards the daily demand zone.
The trend is a daily upward wave starting from the weekly correction trend line. The daily uptrend line must be broken to stop the short-term rise.
The trend is a daily upward wave starting from the weekly correction trend line. The daily uptrend line must be broken to stop the short-term rise.
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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.