USDCAD Trade Idea: Potential for Further Gains

295
I've initiated a long position on USDCAD at the retest of the key demand zone at 1.35766. Positive indicators support this trade: non-commercial traders are also accumulating long positions, and a notable shift is observed in the CAD futures market, with commercials moving from a bearish to a potentially bullish stance. Furthermore, seasonal trends favor a USD strengthening against the CAD. A further drop in price could present another attractive entry point at a lower demand zone.

✅ 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.

إخلاء المسؤولية

لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.