USD/CAD Pressure From 1.36712 as Desk Focus Shifts

Research preview

USDCAD Hourly, Daily And Weekly Candle Charts USDCAD is trading near 1.38661 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 1.38661 needs range acceptance before the signal improves. The price-action test is sellers closed the latest candle below its open inside a 1.38630-1.38719 candle range, the recent sequence is compressed and two-sided, while price remains below pivot 1.38897. The trade idea needs the next hourly close should either defend the reaction zone or expose a false start; In relation to invalidation, a break back through...