- Price already showing exhaustion as there is MACD divergence formation on the lower time frames
- Price currently has not broken the inner uptrend on the lower time frames however we have seen price resisting the previous resistance zone - around 1.3555.
- We could see price breaking inner uptrend line to make a new higher low either around the highlighted zone or a possible re test of the main trend line. Both these 2 possible reversal areas are in confluence with Fibonacci levels: 61.8% - 78.60%
USDCAD
