BUY TREND in USDCAD market, it's consolidate in a range....

📈 USDCAD Price Forecast 📈

The USDCAD market is currently consolidating within a range, positioned at a supply zone. The direction will depend on whether buyers or sellers take control at this critical level.

📌 Bullish Scenario:
Buyers are gaining momentum, as indicated by the break above the 50 EMA and increased buying volume.
If buyers dominate, a breakout above the supply zone is expected.

📌 Bearish Scenario:
If sellers take charge at the supply zone, the price will likely break down below the 50 EMA, heading toward the demand zone.
A bounce from the demand zone could lead to a renewed bullish move.

🎯 Technical Target Levels:
- 1.4460
- 1.4520
- 1.4580

📌 Key Highlights:
- Consolidation phase with potential for breakout or breakdown.
- Watch for price action around the supply zone and 50 EMA for clear direction.
- Volume indicates current buyer strength, but sellers could still influence the market.
✅ Stay Informed and Ready!

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