• Vasily Trader

USDCAD: Detailed Analysis & Bullish Scenario Explained (trading plan)

USDCAD is testing an upper boundary of a key weekly pivot .

Based on a historical structure analysis,

1.19 - 1.207 is a huge potential reversal zone.

To catch the initiation of a bullish trend ,

pay attention to a falling trend line on a daily that currently matches the lower highs.

Only after a violation of that trend line , we can become bullish biased.

For now, I would not recommend USDCAD for intraday trading.