USDCAD potential bullish reversal

2020年6月5日on DAILY: USDCAD is sitting inside a strong support area in orange, and almost filled the previous GAP, so we will be looking for objective buy setups on lower timeframes.

on M30:

Short-term: we are waiting for a new swing to form around our blue trendline to consider it valid and enter on its break upward.

Long-term (conservative): we are waiting for a new swing to form around our red trendline to consider it valid and enter on its break upward.

we also have a regular bullish divergence on MACD adding more confluence to our buy setup.

Meanwhile, USDCAD would be overall bearish , until a buy setup is activated.