USDCAD rallied on Monday but bounced back in trading on Tuesday and Wednesday. The highest price of the week entered an oscillating zone dating back to October and November 2023 between 1.38397 and 1.3855. From here, buyers turn to sellers as they retraced most of the gains and traded between a swing zone support level going back to October/November again, but at a lower level between 1 .3735 and 1.3765.
The price decline has stopped in this swing zone as the market enters the next “surge”.
The video describes the technical aspects involved and explains why….
cnbctv18-forexlive
