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USDCAD - Watching the 1.4090 zone
Still watching $USDCAD closely around the 1.4090 area. It's been a tough resistance point, and we've seen rejections there multiple times this week. A clean break and hold above 1.4095 could signal a move towards 1.4130, but failure to push through could see it head back towards 1.4070. My bias remains slightly bearish below 1.4095 for now, but a confirmed close above that level would invalidate that outlook for me.
1 comments · 1 points
I'm with you on that resistance at 1.4090; it's proving quite sticky. Are you seeing any particular divergence on the lower timeframes that might support a bearish continuation if it fails to clear that level?