👩🏽💻 Technical: The USD/CAD pair has shown some intense selling pressure recently, hitting new daily lows. Yet, it keeps bouncing off the 1.3140 level on the 1-hour and 4-hour charts. This stubborn support is a clear sign of a tight competition between buyers and sellers.
🎯 For an ideal entry: For those who prefer safe plays, patience is key. Hold off any action until there's a clear break below the support, ideally with a push > exhaustion to affirm bearish bias.
🎯 For an ideal entry: For those who prefer safe plays, patience is key. Hold off any action until there's a clear break below the support, ideally with a push > exhaustion to affirm bearish bias.