USDCAD: Indecision at Support May Bring Upswing
Strategy: Pending Long
USDCAD positioning is little changed from last week with prices inching along the bottom of a falling channel set from the swing high in February a boundary that is reinforced by the major double bottom at 1.0230. Back-to-back Doji candles point to fading conviction behind further downside and hint that an upswing may materialize from here. That said, we lack a firm entry signal and will remain flat for now until something more actionable emerges.
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