USDCAD Overview

There’s a bit of a range forming between two key Order Blocks (OB), and both sides seem to have a case. On the bullish side, price could move up to the OB around 1.3720, where I expect strong resistance to come into play. That could present a solid area to look for shorts if the market reacts as expected. On the other hand, if we see a failure to hold current levels, price could drop towards the lower OB around 1.3480. This area might attract buyers, and it would be a good place to watch for potential long entries. The key here is waiting for price action around these levels to guide the next trade.

USDCAD