In this video update, we talk about USDCAD entering a support zone with the potential of a retracement. Price on the daily chart formed a bullish low test candle showing buyings re-entered the market. Currently, price is re-testing a minor support area on the 1hr chart and could move higher in line with the daily retracement into the resistance of 1.32000.
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.