Usd/Cad Daily chart.
Price is currently falling from the daily supply level mentioned last week.
Next daily demand on Usd/Cad zone seems to be:
Usd/Cad 4H chart.
Next 4h supply zone seems to be:
- 1.28370 – 1.27990
This is a fresh & good supply zone
Next 4h demand zones on Usd/Cad seems to be:
- 1.28135 – 1.27775
- 1.25215 – 1.24770
Usd/Cad 1H chart.
Next 1h supply zone seems to be:
- 1.28215 – 1.28365
A very good & lean supply zone to look for shorts.
Next 1h demand zones on Usd/Cad seems to be:
- 1.26925 – 1.26365
A decent demand zone, worth looking for a long scalp.
Next week fundamental news
Nov 7, BOC Gov Poloz Speaks
Usd/Cad Trade Ideas:
1.28215 – 1.28365 is a very good & lean supply zone to look for shorts.
1.26925 – 1.26365 is a decent demand zone.
For a higher probability trade, 4H/Daily demand @ 1.25215 – 1.24770 is good to look for longs.