At the moment, the corrective movement is being observed on USD/CAD after a significant drop since the end of August. The trading instrument has the potential for further recovery. A number of the classic patterns of the Price Action "Inside Bar" was formed on the 4-hour chart. We recommend you to pay attention to this situation.
If the price fixes above 1.23250, it is necessary to consider buying USD/CAD. The immediate goal for fixing profits is a round level of 1.24000. In the medium term, the USD/CAD currency pair may reach the level of 1.25000. Confirmations and entry points to the market should be looked for on lower timeframes.
This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.Open Account