USDCAD Breakout consolidation and reversal from demand zone

14 Mei

USDCAD 4H Chart Update

Pair has broken out of consolidation and is now showing bullish momentum after tapping into a key demand zone.

Entry: 1.39100
Demand Zone (Bullish Order Block): 1.37600
Time Frame: 4H

Technical Targets:

1st Target: 1.40600 (Resistance Level)

2nd Target: 1.42500 (Supply Zone)

3rd Target: 1.43600 (Major Supply Zone)


Analysis:
Price respected the bullish order block around 1.37600 and has shown strong rejection, confirming bullish structure. With the breakout from consolidation, the pair is now poised to move higher toward successive resistance and supply zones.

Will be watching for continuation confirmations on lower time frames and managing risk accordingly.

15 Mei

Dagangan aktif

Trade Update – USDCAD

USDCAD has now tapped into the entry level at 1.39100 as anticipated. Price action will be closely monitored as we look toward the projected target levels.

Key Levels in Focus:

1st Target: 1.40600 (Resistance)

2nd Target: 1.42500 (Supply Zone)

3rd Target: 1.43600 (Major Supply Zone)


Bullish bias remains valid as long as price holds above the demand zone and maintains momentum.

Team Livia