USDCAD: Detailed Analysis & Bullish Scenario Explained 🇺🇸🇨🇦
Updated
USDCAD is testing an upper boundary of a key weekly pivot.
Based on a historical structure analysis,
1.19 - 1.207 is a huge potential reversal zone.
To catch the initiation of a bullish trend,
pay attention to a falling trend line on a daily that currently matches the lower highs.
Only after a violation of that trend line, we can become bullish biased.
For now, I would not recommend USDCAD for intraday trading.
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