USD/CAD intraday analysis
USD/CAD is currently showing a strong buying reaction from the price point of 1.33600, accompanied by a significant volume area.
This indicates a substantial accumulation of contracts.
It's likely that buyers active in this area will defend their long positions. Should the price revisit this zone, we can expect these strong buyers to exert further upward pressure on the market.
The combination of an uptrend and a strong volume area forms the primary basis for my long trading decision.
Happy trading,
Matty
This indicates a substantial accumulation of contracts.
It's likely that buyers active in this area will defend their long positions. Should the price revisit this zone, we can expect these strong buyers to exert further upward pressure on the market.
The combination of an uptrend and a strong volume area forms the primary basis for my long trading decision.
Happy trading,
Matty
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