USDCAD has entered a 1 year consolidation phase following the 1week Golden Cross. It is following the 2019 pattern.
The RSI's of the the two periods also share similar patterns.
You will get many opportunities to buy low and sell high in that range this year buy you want to to ready to keep buys long term for the first two quarters of 2024 when the price will attempt another Resistance A test.
Follow us, like the idea and leave a comment below!!
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.