SET Life
USDCAD gave a quick drop yesterday with some profits but then gave confirmation of it going back on the rise. It has finally reached it's previous peak and now waiting patiently for confirmation on the closure of the Daily and 12h candles.
USDCAD closed on the Daily with a long wick rejection of the major RESISTANCE zone. On the lower time frame we see a shift in structure. If today's candle closes strong bearish we have extra confirmation for price to drop more.
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SET Life
USDCAD on the Daily still testing the major RESISTANCE zone and on the 1h is consolidating. Will go SHORT after confirmations from the RESISTANCE and once a BreakOut occurs from the SUPPORT, will wait for a retest and confirmation to add more trades.
USDCAD closed a strong 12h candle with many rejections of the zone. We could expect it to reach the SUPPORT in the coming week.
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