USDCAD update
USDCAD seems to be a monthly correction process. Currently, it is a pattern where the weekly correction ends and the upward wave continues again. Therefore, it can reach close to the monthly supply zone. When the rise stops in the monthly supply zone, there will be a pullback back to the monthly demand zone. When this process is over, the monthly correction process is complete.
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.