USDCAD could lead to an uptrend in the daily bullish pattern. But upwards, a downward wave could be triggered by the influence of the 4-hour supply zone. A breakout of the 4-hour supply zone and support near this area will result in a 4-hour uptrend and may renew a high. Conversely, if the 4-hour bearish pattern continues, it will move down towards the daily demand zone.
The trend is a daily upward wave starting from the weekly correction trend line. The daily uptrend line must be broken to stop the short-term rise.
The trend is a daily upward wave starting from the weekly correction trend line. The daily uptrend line must be broken to stop the short-term rise.
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