🔍 Let's explore the current outlook on USDCAD from two different perspectives.
📉 The major break of a key support level suggests a bearish sentiment in the market. I'm inclined to take a shorter position, and I'm patiently waiting for a retest at 1.3305 for a potential shorting opportunity.
🕰️ However, if you have a different view, on the 4-hourly chart, there is a support level at 1.3268. You can wait for a confirmed candlestick pattern before entering the trade, ensuring a more conservative approach.
Stay tuned for more updates and trading opportunities as we navigate the market together. 💼📊
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.