USD/CAD Breakdown At 1.36712

Research preview

USDCAD Hourly, Daily And Weekly Candle Charts USDCAD is trading near 1.38622 against the daily pivot at 1.38897, so the chart set below separates the intraday reaction from the daily close and the wider weekly position. USDCAD H1 candlestick chartHourly price action with price near 1.38622 keeps seller pressure in focus. The desk is watching sellers closed the latest candle below its open inside a 1.38598-1.38642 candle range, the recent sequence is still leaning lower, while price remains below pivot 1.38897. The next useful filter is the next hourly close should either defend the reaction zone or expose a false start; From a risk-control angle, a break back through the...