The price has broken through the key level at 1.37000. USDCAD broke the range zone and made an extension downward. The price is rolling back to the key resistance level. On the daily timeframe, the market bounced off the supply zone. I think the market might continue moving downward toward the support zone between 1.36400 - 1.36200. I expect the price to retest the resistance zone and form a rejection candlestick pattern to confirm the sell signal. My goal is support near 1.36400
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
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