Sitting at a critical zone. Big money clustering around current levels, VRVP showing strong interest. MACD hinting at trend shift. 1.078 is the key resistance - break it, and we're looking at a nice move up. Rejection, and we might see another leg down.
Trading Plan:
1 Watch 1.078 closely
2 Bullish above, bearish below
3 Look for confirmation
i'll update that...
The USD/CAD is sitting at a critical support level in its rectangular trading range. The VRVP (Volume-Weighted Average Price) shows strong institutional interest right here, and the COT reports suggest leveraged traders aren't aggressively buying USD. This points to a potential bounce or consolidation zone. The daily chart and hourly timeframe are both showing...
