The setup shows a potential rebound on the H4 ascending channel support. Being ambitious we can expect a come back on 1.2980-1.30.
A breakout of these levels could lead the pair until 1.3150-1.32 where we can identify the downtrend line in daily.
A breakdown of the support of the ascending channel around 1.2750 would lead USDCAD to 1.2620
A breakout of these levels could lead the pair until 1.3150-1.32 where we can identify the downtrend line in daily.
A breakdown of the support of the ascending channel around 1.2750 would lead USDCAD to 1.2620