USD/CAD Trend Signal Past 1.36712

Research preview

Opening Read USDCAD is trading near 1.38060 with a active, with the first reaction less important than the retest profile; the immediate question is whether price is building acceptance or merely reacting inside the existing range. Price is trading below the daily pivot at 1.38890, which leaves the first read vulnerable unless the pivot is reclaimed. The working support band is 1.36712 / 1.36631 / 1.36180, while the resistance band is 1.38218 / 1.38584 / 1.38667. Daily R1 at 1.39168 and S1 at 1.38680 define the first tactical range. Internal models have flipped from Sell to Strong Sell for USD/CAD. The shift puts downside continuation in focus, with price near...