USDCAD is trading in a huge trading range on a weekly.
1.467 is its high.
1.207 is its low.
Now the price is quite close to the lower boundary of the range.
Taking into consideration that the pair is heavily oversold,
quite soon we can expect a decent pullback.
For now, let the price drop lower and then keep monitoring daily time frame for confirmation.
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Related publications
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.