USDCAD - 4H Chart Analysis

📊 USDCAD - 4H Chart Analysis

🔹 Current Price: 1.43367
🔹 Key Resistance Levels:

1.43793 (First upside target)
1.45251 (Major resistance zone)
🔹 Key Support Zones:

1.42873 (Highlighted demand zone)
📈 Bullish Outlook:
✅ Price is approaching a strong demand zone at 1.42873, which aligns with a fair value gap (FVG).
✅ Possible bounce from this level towards 1.43793 before continuation to 1.45251.
✅ Fibonacci retracement levels suggest resistance near 1.4438 - 1.4474.

📉 Bearish Risk:
🔻 If price breaks below 1.42873, further downside towards 1.4100 is possible.

💡 Trading Plan:
🎯 Buy Setup: Look for bullish confirmation at 1.42873.
🎯 Take Profit:

First TP: 1.43793
Final TP: 1.45251
🎯 Stop Loss: Below 1.4280.
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