USD/CAD is consolidating above local support at 1.35658, within a descending channel. A bullish break from this tight range could trigger a move toward the next resistance levels at 1.35817 and 1.36083.
A confirmed break and hold above 1.35817 would be the first signal of short-term strength.
However, a drop below 1.35658 could invalidate the bullish scenario and send price back to 1.35397 support.
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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.