Hi Traders,
USDCAD has been ranging lately and we're yet to see growth out of this structure to the 1.30 level.
Price failed to continue lower in mid January creating a reversal Impulse followed by a larger bullish continuation structure which has made multiple swing highs & lows which tells us momentum is still in the picture. Keep an eye out strength in the USD to push price out of this structure and towards the upper boundary of thr HTF structure.
Good Luck!
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USDCAD has been ranging lately and we're yet to see growth out of this structure to the 1.30 level.
Price failed to continue lower in mid January creating a reversal Impulse followed by a larger bullish continuation structure which has made multiple swing highs & lows which tells us momentum is still in the picture. Keep an eye out strength in the USD to push price out of this structure and towards the upper boundary of thr HTF structure.
Good Luck!
Click the like button if you agree with this idea! Comment below and share your view on this pair.
