After the sharp move down in the beginning of the year, USDCAD broke out of the trend and created an upward channel. It has recently tested the 50% Fib and sellers responded immediately as seen by the purple candle. Pattern looks like a bear flag although we are still miles away from confirming it. A break of the lower bound of the channel is needed to confirm it
Nota
Hit the Mara to the tick (purple line) and reversedNota
Pardon me I meant to the pip. Used to futures analysisNota
Entering an area of support ( cluster of highs). Next support comes in at 1.33 area (38.2% Fib) and critical support around 1.3280 area (previous support, Mara, and swing lows)Nota
Bounced off support as previously discussed and near swing highs. Watch out for a stop run above previous swing highs at 1.3589Nota
USDCAD needs a close below the small trendline for a move lower in our opinionNota
Broke inside day lowsNota
Breaking through area of support. A close below is needed for a sustained moveNota
Nota
USDCAD approaching lower bound of the channelNota
Pair testing the trendline and lower bound of the channel Nota
Pair breaking through the lower bound 
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.