USDCAD is on a key level now, trying to g through third time to higher prices. We broke through the 200-EMA line, so there is potential for a bullish move. Red color is the advancement of bearish moves and blue is therefore for bullish moves. This is how I see what the next moves of the market will be, now is the time to wait and see what happens :)
This pair is extremely exhausted and deserves a nice bearish move downwards. But then again the market don´t care what you think, that´s the beauty of it ;) We just have to use what it gives us ! :)
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.