USDCAD is pulling back from the higher high near 1.3820 after testing the resistance zone, with price still holding above the upward trendline. A retest of the 1.3784–1.3780 zone could invite buyers back for another push toward the 1.3819 target. Maintaining higher lows along the trendline keeps the bullish bias intact. The structure suggests a possible continuation of the impulse leg toward resistance.📉 Key Levels
- Buy trigger: Rejection of 1.3785
- Buy zone: 1.3784 – 1.3780
- Target: 1.3819
- Invalidation: Close below 1.3765
💡 Risks
- Failure to hold 1.3785 trendline support
- Weak breakout above 1.3819 leading to rejection
- Strength in CAD from macroeconomic news
If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!
💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
Disclaimer
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.
💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
Disclaimer
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.