USDCAD: Your Trading Plan For Next Week 🇺🇸🇨🇦

22 apr 2023

USDCAD is approaching a key daily structure resistance.
Taking into consideration the fact, that the pair is trading in a bearish trend,
we may say a bearish reaction from the underlined area.

To confirm that, watch a rising trend line on 1H time frame.
If the price breaks and closes below that, it will confirm the strength of the underlined structure.

A bearish continuation will be expected then at least to 1.3519.

Alternatively, a bullish breakout of the underlined structure will push the price higher.

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