FX.co ★ bridget.franecki | TST as the Foundation for Medium-term Trading

It is interesting that for the third consecutive day the lower boundary of the levels is being set on USD/CAD. It is very likely that a price resistance is forming there, and if so, we can expect one of the proposed scenarios. Either a move upwards from the blue level, which currently does not look very strong, or a move upwards through the red level after Friday's low is updated. I do not rule out a price drop below 1.4230, but I am not considering this scenario as the working version yet. I am waiting for the confirmation of the Overbought Zone (OZ) and the Key Trend Line (KTL) at 1.4331 and, preferably, for the continuation of the upward movement.