USDCAD is maintaining a monthly uptrend. The uptrend could continue, especially if it finds support above the red line.
On the 4-hour chart, the 4-hour upward wave continues. Below is the daily demand zone and above is the 4 hour supply zone. In order for the 4-hour rising wave to last, it must settle above the 4-hour supply zone. Otherwise, it will have to descend into the daily demand zone and propagate as a daily upward wave.
On the 4-hour chart, the 4-hour upward wave continues. Below is the daily demand zone and above is the 4 hour supply zone. In order for the 4-hour rising wave to last, it must settle above the 4-hour supply zone. Otherwise, it will have to descend into the daily demand zone and propagate as a daily upward wave.
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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.