FX.co ★ USD/CAD

Hello traders! Good evening, comrades! A new level has emerged on USDCAD that will determine the northern movement today and tomorrow. It is at 1.3696, but even if they manage to update it on H1, the path upwards is closed slightly above at 1.3710. So, the northward movement won't happen, but it may weaken the sellers. However, if buyers manage to hold the price without pushing it higher, it will already be a sign of weakness for the sellers. But I hope that the sellers will be able to pull the price down. This is purely technical, but as for how geopolitics will influence this, I cannot say anything. At the moment, H1 has drawn a downward wave, while H4 has drawn a wave to the north. I think H4 is already tired of pushing the price, it's time to let go and allow the price to drop.