FX.co ★ USD/CAD

Hello traders, The USD/CAD pair continues to push the price to the north, and the situation I mentioned earlier is unfolding. If the USD/CAD pair gains momentum, it pays no attention to anything else. However, a sharp reversal to the south could happen at any moment, and it's hard to predict when it will occur. Therefore, all we can do is wait for signals of a price reversal to the south, at least as a pullback from the shown growth. A signal for this would be the hourly candle closing below the support level of 1.3890, as in that case, we would return to the trading range on a four-hour scale and enter the selling zone of the Envelopes indicator on an hourly scale.