USD/CAD has been trading lower off of its March 18/2020 high of 1.46674, putting in a series of lower highs and lower lows on a daily perspective.
Looking for this pair to retrace higher from current levels into previous resistance areas.
Scenario 1 sees the USD/CAD running into near term resistance around 1.3860 and then turning lower to the support area around 1.3560.
Scenario 2 sees the USD/CAD running into resistance around 1.4040 and then turning lower to the support area around 1.3560.
Looking to see short trigger setups on the 4HR chart at either of these prices (1.3860 or 1.4040) to take this pair lower into support.
Looking for this pair to retrace higher from current levels into previous resistance areas.
Scenario 1 sees the USD/CAD running into near term resistance around 1.3860 and then turning lower to the support area around 1.3560.
Scenario 2 sees the USD/CAD running into resistance around 1.4040 and then turning lower to the support area around 1.3560.
Looking to see short trigger setups on the 4HR chart at either of these prices (1.3860 or 1.4040) to take this pair lower into support.