FX.co ★ TST as the Foundation for Medium-term Trading

To push the price of USD/CAD lower, such returns to the mandatory zone, like the one we saw last Thursday and the recent spike, don't look very promising. These surges can be interpreted as a signal that the market lacks the strength for selling, as the price cannot hold below. Today's levels don't show a strong selling indication, but considering the channel's descent, the mandatory zone above the price, and the first sign of a decrease already passed, a movement scenario from the day's balance towards 1.3635 and beyond could be quite probable. That's what I'm waiting for.