Weekly Forecast: USDCAD Finding Support.
USDCAD found support at the zone of previous channel breakout, and has begun a retracement. Price managed to close above a supply zone, and has retested finding support.
As price managed to close above the supply zone before market closing, we could expect further upside this week.
Await pullbacks to buy USDCAD till the next immediate resistance seen at 1.3730 - 1.3800.
As price managed to close above the supply zone before market closing, we could expect further upside this week.
Await pullbacks to buy USDCAD till the next immediate resistance seen at 1.3730 - 1.3800.
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