USDCAD Testing Key Demand Zone - Bullish Bounce Expected

5 Feb

USDCAD is trading at a significant demand zone, highlighted by prior strong price reactions. This area serves as a critical support level, where buyers have historically stepped in to push prices higher. The current market structure suggests a potential bullish reaction if momentum emerges.

I anticipate that if the price confirms a rejection from this demand zone, marked by bullish candlestick patterns or clear rejection wicks, the pair could move upward toward the 1.43960 level.

Let me know if you agree with this analysis or have additional insights! Feel free to share your thoughts in the comments.

5 Feb

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