On the daily timeframe, price formed a nice double bottom. Here on the 4H, we are also seeing a nice inverted head and shoulders pattern forming. I am bullish on this pair. However, I will wait for the break and retest of structure before going long. If USDCAD resumes it's downtrend, I will keep an eye out for a short.
brainwavesfxChart PatternsSupply and DemandSupport and ResistanceUSDCAD

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