The important thing transfer technically within the USDCAD final week, was the transfer again beneath the 100 and 200 day MAs. That tilted the bias extra to the draw back for the pair from a technical perspective.
The opposite factor of observe from the every day chart is the convergence of the 100/200-day MAs. That’s indicative of a non-trending longer-term market which may very well be a clue for a break exterior of the vary… quickly. Non-trend transitions to pattern.
The video will define the degrees that may preserve the bearish bias and probably result in a break exterior the up and down buying and selling vary within the USDCAD pair.