After the sharp move down in the beginning of the year, USDCAD broke out of the trend and created an upward channel. It has recently tested the 50% Fib and sellers responded immediately as seen by the purple candle. Pattern looks like a bear flag although we are still miles away from confirming it. A break of the lower bound of the channel is needed to confirm it
Nota
Hit the Mara to the tick (purple line) and reversedNota
Pardon me I meant to the pip. Used to futures analysisNota
Entering an area of support ( cluster of highs). Next support comes in at 1.33 area (38.2% Fib) and critical support around 1.3280 area (previous support, Mara, and swing lows)Nota
Bounced off support as previously discussed and near swing highs. Watch out for a stop run above previous swing highs at 1.3589Nota
USDCAD needs a close below the small trendline for a move lower in our opinionNota
Broke inside day lowsNota
Breaking through area of support. A close below is needed for a sustained moveNota
Nota
USDCAD approaching lower bound of the channelNota
Pair testing the trendline and lower bound of the channel Nota
Pair breaking through the lower bound 
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.