USDCAD has reached a strong 4H resistance cluster.
it matches perfectly with a resistance line of a major major falling parallel channel.
+ we have a nice confluence of 618 retracement and completed abcd pattern with D point lying exactly within the identified supply area.
based on that the price will most likely retrace.
target:
1.3095
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.