USDCAD Analysis June 28, 2020
On the monthly timeframe we are approaching the end of the month. The candle is about to close with a lot of sellers exhaustion rejecting a monthly level of support. Down to the weekly timeframe we are forming a potential HL fighting through this key level. Down to the H4 timeframe we can clearly see a break of structure. As we currently form a new HH I will wait for some sort of pullback before considering entries to the upside.