The recent pullback in the USDCAD pair aligns precisely with the key resistance and support zones we identified in our earlier technical analysis. As seen in our chart, price action respected the trendline and Fibonacci retracement levels, signaling a potential reversal or consolidation phase. This movement reinforces the significance of combining chart patterns, momentum indicators, and historical levels when analyzing the market. Traders following our analysis would have anticipated this shift and prepared accordingly. For a deeper dive into our methodology and projections, take a closer look at the chart and see how the technical framework played out in real time.
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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.