USDCAD has shown some great potentials for a change of structure, the market tapped into the weekly level then gave us a strong impulsive candlestick to the upside creating the Lower high which can be a Higher high of the market depending on whether we form the higher low or a new lower low is the coming days. i still consider USDCAD bearish until i see a formation or failure to form new lower lows in the market. the this week ahead i anticipate a bearish move back into 61.8 Fib level then wait to see how the market reacts after that.
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