USDCAD: 2-week horizon

🛠 Technical Analysis: On the 4-hour timeframe, USDCAD has invalidated its ascending channel structure, triggering a "Global bearish signal" confirmed by the death cross of the SMA 50 below the SMA 100 and 200. The pair is currently under strong selling pressure but is approaching a major support zone near 1.3730, which aligns with previous accumulation levels. The projected trade setup anticipates a stabilization at this support floor, followed by a corrective rally targeting the breakdown point and the SMA cluster around 1.3980 - 1.4000.

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❗️Trade Parameters (BUY)
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➡️ Entry Point: Buy Limit at the support zone (approx. 1.3730 – 1.3750)

🎯 Take Profit: 1.3980 – 1.4015 (Resistance)

🔴 Stop Loss: Below the support structure (approx. 1.3600)

⚠️ Disclaimer: This is a potential trade idea based on current analysis; market conditions and price direction are subject to change based on news factors and volatility.

ノート

🌍 Fundamental Analysis: The US Dollar is facing headwinds as markets price in higher probabilities of Federal Reserve rate cuts following recent soft employment data, which has reduced foreign demand for the greenback. Volatility is expected to spike as investors prepare for a "Super Wednesday" on December 10, where both the Federal Reserve and the Bank of Canada are scheduled to announce their interest rate decisions. Traders should be cautious as this double-header event could trigger sharp reversals, with the Loonie potentially reacting aggressively to any divergence in policy guidance between the two central banks.

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