USDCAD Analysis March 13, 2022
On the weekly timeframe we can see that price is just consolidating between the 1.2900 level and the 1.2600 level. It is likely that we will see a reversal back into the lower level from here but just be aware that we are trading within a range.
On the H4timeframe as it stands now we are trending towards the downside. The best area to take a short opportunity from would be the 1.27700 level.
On the H4timeframe as it stands now we are trending towards the downside. The best area to take a short opportunity from would be the 1.27700 level.