USD/CAD: Awaiting Bearish Continuation Before Potential Reversal
The USD/CAD pair has shown resilience even as the USD/DXY continues to strengthen. However, it seems to be taking its time to find a robust Support/Demand zone before embarking on a corrective phase. Our analysis, which integrates Seasonality trends, the COT report, and our proven Supply and Demand strategy, points towards an impending continuation of the bearish momentum.
Currently, we are closely monitoring the 1.36480 level—a key area where price action is likely to encounter significant demand. It is at this juncture that we expect to see a pattern indicating a potential reversal. Should such a pattern materialize, it would provide a strong signal for entering a long position at the market. This strategic approach allows us to capitalize on the anticipated recovery following the completion of the bearish cycle, positioning ourselves for a favorable entry as the price gears up for a bullish turn.
✅ Please share your thoughts about USD/CAD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Currently, we are closely monitoring the 1.36480 level—a key area where price action is likely to encounter significant demand. It is at this juncture that we expect to see a pattern indicating a potential reversal. Should such a pattern materialize, it would provide a strong signal for entering a long position at the market. This strategic approach allows us to capitalize on the anticipated recovery following the completion of the bearish cycle, positioning ourselves for a favorable entry as the price gears up for a bullish turn.
✅ Please share your thoughts about USD/CAD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
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