Hello traders . What do you think for USDCAD ?
I strongly believe the price is time to go up . But have a look 2 things .
1) small head and shoulder is forming and 2) the divergence is bearish .
Before the big wave for buy , we might see the price to retrace a bit up to any specific level of new support zone ( Red line ) and then to go up to Resistance zone ( option 2).
As per the option 1 analysis , the price can increase anytime up to Resistance zone .
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