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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.

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