U.S. Dollar / Canadian Dollar

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U.S. Dollar / Canadian Dollar forum



USDCAD nice I missed my entry down by 1.36727 and this thing shot up would of been done for today if I could of got in




USD/CAD 4-Hour Technical & Fundamental Analysis

USD/CAD has dropped below a key support level, pressured by both technical and fundamental bearish drivers as the U.S. dollar weakens and the Canadian dollar gains strength. The 4-hour chart structure shows a potential distribution phase followed by a liquidity grab, signaling smart money manipulation before a possible continuation to the downside.

Price broke down below the minor support at 1.36800, triggering short entries. However, a sharp reversal followed, hunting stop-losses and liquidating early sellers. This false breakout indicates a manipulation phase, where price seeks liquidity before choosing direction.

If the price closes below 1.36700 with a solid 4H candle body, it confirms bearish intent and opens the door for a continuation down to the next key support, aligning with broader USD weakness and CAD strength.
Snapshot

USDCAD this might be a solid reversal point, if so then my ultimate target will be equal high liquidity 40164, day trader can easily target 37627
Snapshot