$USDCAD – Testing a Major Resistance Zone 🚨

[theSignalyst]

$USDCAD remains overall bullish, trading within a rising channel.

However, price is now approaching a key intersection between the upper trendline and a major resistance zone around 1.4000.

As price nears this confluence area, we’ll be looking for potential short opportunities, anticipating a possible rejection before any continuation higher.

The next support zone sits near 1.3750, where buyers might step back in if a pullback occurs.

️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.

Stick to your trading plan regarding entries, risk, and management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Richard Nasr