USDCAD IS ON A KEY LEVEL LOOKING FOR A REVERSAL
The USDCAD is once more testing a significant key level identified on the daily timeframe, showing signs of a potential reversal based on price action. Repeated rejections around this zone indicate it being respected as a support. There's anticipation for the reversal to revisit the major resistance established on the daily timeframe. Additionally, analysis of the price action reveals the completion of the 4th impulsive wave.
