USDCAD: Detailed Analysis & Bullish Scenario Explained 🇺🇸🇨🇦

21 May 2021

USDCAD is testing an upper boundary of a key weekly pivot.

Based on a historical structure analysis,
1.19 - 1.207 is a huge potential reversal zone.

To catch the initiation of a bullish trend,
pay attention to a falling trend line on a daily that currently matches the lower highs.
Only after a violation of that trend line, we can become bullish biased.

For now, I would not recommend USDCAD for intraday trading.

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23 May 2021

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