USD/CAD is sitting at a confluence of support, an ascending trendline and well defined horizontal support. On the daily chart net volume ticked up as of yesterdays trading suggesting there are buyers at this level in addition to this there is significant bullish divergence on the chaikin money flow indicator. A break below the horizontal support would invalidate this idea.
USDCAD
*For educational purposes only*
USDCAD
*For educational purposes only*