USDCAD DAILY ANALYSIS

From the 4hr timeframe, usdcad is just struggling around 1.40930, waiting for a more confirmed sell reaction before selling but for now am still flat

I think it will have to buy a bit higher or it starts protecting the highs from there to sell

Usdcad may not really buy more above that box, although no good reaction to sell, or buy so I will just wait

USDCAD- Has given the pattern as expected. Possibility of breaking above 1.4115 is eminent since it has not invalidated the trend support.

That's exactly what is happening, it's selling but no sweep above the Asia high 1.41075 as I marked then no sells

I want to see at least one protected high so I can be sure of the sells

Usdcad is still playing a deceptive game but will definitely fall, that's for sure, because dollar is getting weak again falling from an old order block

Today's market (Wednesday) can be manipulative generally. Especially USD pairs. I'm not looking at trading today again. Most pairs will give clear direction tomorrow.

USDCAD- trading outside of the channel but has not invalidated the channel yet.

USDCAD- A break below the minor price level @1.4085 will invalidate the bullish channel. Price can create a double bottom at the price level and continue the rally. But a break below and retest then the sells will drive down to 1.4055. Still following it up.

If that's the case but I had one simple plan no sweep no trade, I will wait for tomorrow too, it's trading lower on H1 but at same time accumulating there no more going up nor down

For me I will say a break below 1.40650 if I am to trade break outs , that's the level I will consider to be taken out before I go lower because that level price is now in 4hrs is a swing point that has a fair value gap and it is reacting from that fvg level, but since an using liquidity sweep methodology, I will wait for a sweep of it doesn't happen I forget about the pair

Due to dollar strength usdcad has been going up , but haven't seen a good reaction to buy yet, a reaction inside the yellow box is what am looking out for at 1.40793 level

Price is bullish on USDCAD, it's either you wait for price to pullback or just allow the market do it thing so you don't get caught up in confusion.

USDCAD- I'm expecting Sells from the current price region @ 1.4115. The current bullish channel might not hold for long.

It's actually selling right now because USD is showing serious weakness

Usdcad is seriously selling down to my yellow box, it will continue if the rate cut goes against dollar sincerely but I know it may not but the hike took may not be there

The sell was a just pullback to continue the buys