USD/CAD Pressure From 1.36712 as Desk Focus Shifts

Research preview

Technical read USDCAD trades near 1.38719 with lower highs and lower lows H1 structure, lower highs and lower lows H4 structure and a bearish daily trend. The first useful support band is 1.36712/1.36631/1.36434, while the topside decision band is 1.38825/1.38921/1.39035. H1 RSI is 34.1 and stochastic is 30.5/26.3, so the report should treat momentum as balanced rather than forcing a one-line call. H1 EMA20/EMA50 are 1.38847/1.39051, with MA50/100/200 at 1.39159/1.39230/1.39631. D1 EMA20/EMA50/MA200 are 1.39771/1.39911/1.38543. No fresh 20/50 EMA crossover is active. A/D points to distribution on H1 and distribution on D1. Treat this as confirmation, because tick volume is directional pressure rather than exchange volume. H1 RSI is 34.1 and...