This is a technical analysis, I recommend you apply any fundamental analysis to your trade to make the most of it.
For this pair I use the DXY and CXY to make my fundamental analysis work. These indexes help you understand a pair's strength Since USD is the base and if DXY is in a negative week, USDCAD is most likely going down. You should apply CXY to make sure to know if the base pair is strong enough to go your way.
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