USDCAD is consolidating on a key level.
The price formed a horizontal trading range on 4H time frame.
Taking into consideration that the current trend is bullish, I would look for buying the pair.
Your confirmation can be a bullish breakout of the upper boundary of the range.
4H candle close above 1.3613 will confirm the violation,
a bullish continuation will be expected to 1.365 level then.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.