Analyzing the USDCAD pair involves a thorough examination of weekly and daily structures, focusing on liquidity levels. The highs and lows of the week provide crucial insights for identifying breakout points and potential trend reversals. Weekly analysis offers a broader view of market dynamics, while daily structures reveal clear signs of potential breakouts. Monitoring liquidity levels is essential, serving as key support or resistance zones. Integrating both weekly and daily perspectives enables traders to make informed decisions, utilizing market nuances to navigate entry and exit points effectively in the USDCAD pair.
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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.