After a swift move to the downside, price has set up a few supply zones and found support below them.
After multiple rejections price was on its way down but has pushed above supply.
It is my opinion that USDCAD is now on it's way to mitigate the initial imbalance and return to the initial supply at Target 2.
There may be some traffic on the way, which is why we will take partials at Target 1.
After multiple rejections price was on its way down but has pushed above supply.
It is my opinion that USDCAD is now on it's way to mitigate the initial imbalance and return to the initial supply at Target 2.
There may be some traffic on the way, which is why we will take partials at Target 1.