USDCAD SHORT TERM BEARISHNESS

30 בינו׳ 2022

USDCAD has a bullish structure, however price has moved into supply territory with a bearish order block. Price seems to be struggling at this point in lower time frame and a mini bearish move is anticipated. Expect price to pull back to around 1.25726 - 1.26317, before bullish momentum kicks in. However, if this region fails to hold, our next destination would be around 1.2500. A sell order will be made from current price with stop loss at 1.285 and take profit at 1.26317.