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U.S. Dollar / Canadian Dollar
Long

USDCAD LONG

By FXSMARTFX
Updated
Re-entry. There are unfinished highs and imbalance above current price. We can assume the rally was to take care of that. But price failed to take care of that. Inducing even more sell orders to pair the new buy orders that should be taking place. Imbalance above those highs. DXY has ways to go to reach the clean highs. Which tells us that USDCAD can rally well above and fill the imbalance.
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New support found
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Too late in session for new support to hold. Best support is the 15 min one
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Price may hold
Order cancelled
Beyond Technical Analysis
FXSMARTFX

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