USD/CAD Market Structure


There we have a USD/CAD 4H timeframe!

As we can see the price trading nicely near important levels.

Price doing a Lower Lows and Lower Highs.

If the price will break the 1.26900 support to the downside, we will see a new Lower Low.

On to other hand, if the price will stay above the 1.26900 support the price can break a structure and go higher.

Next important resistance - 1.27660 

Next important support - 1.26900