Current Price Behaviour:
USDCAD remains rangebound, sitting just above our key support level of 1.36647. The pair has failed to show any clean breakouts since Monday and remains stuck inside a tight intraday channel.
What We're Watching:
📍 Break of 1.36647 = trigger for continuation of bearish move
🎯 Target: 1.35822 (80 pip move)
⚠️ No active trade until this breaks — structure still unclear
HTF Bias: Bearish
Current Play: Stay out until 1.36647 breaks cleanly with strong momentum and volume. That level unlocks a smoother sell opportunity into our first target.
USDCAD remains rangebound, sitting just above our key support level of 1.36647. The pair has failed to show any clean breakouts since Monday and remains stuck inside a tight intraday channel.
What We're Watching:
📍 Break of 1.36647 = trigger for continuation of bearish move
🎯 Target: 1.35822 (80 pip move)
⚠️ No active trade until this breaks — structure still unclear
HTF Bias: Bearish
Current Play: Stay out until 1.36647 breaks cleanly with strong momentum and volume. That level unlocks a smoother sell opportunity into our first target.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.