USDCAD is consolidating just below 1.4250 after a strong rally from early June. Instead of facing aggressive selling at resistance, price is compressing around 1.4200, right above the EMA34.
The H4 structure still leans bullish: price remains above both EMA34 and EMA89, pullbacks have not broken key lows, and the EMA89 continues to slope upward. This looks more like consolidation absorbing profit-taking than a reversal signal.
If USDCAD holds above 1.4180–1.4200, a retest of 1.4250 remains likely. A breakout above that area could open the way toward 1.4300.
For now, buyers still have the advantage as long as short-term support holds.
The H4 structure still leans bullish: price remains above both EMA34 and EMA89, pullbacks have not broken key lows, and the EMA89 continues to slope upward. This looks more like consolidation absorbing profit-taking than a reversal signal.
If USDCAD holds above 1.4180–1.4200, a retest of 1.4250 remains likely. A breakout above that area could open the way toward 1.4300.
For now, buyers still have the advantage as long as short-term support holds.
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Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.