USDCAD is still bearish but will have to complete previous swing
**Monthly Chart**
Last month candle closed as bearish after testing the liquidity pool + Imbalance level at around 1.36100 area. This month candle (which is still active) is again re-testing the range of previous month candle. I am expecting the price to break this level at the high before completing the swing high and moving lower.
**Weekly Chart**
This week candle closed bullish. However, it remains within the range of previous two weekly candle. Which provides strong confluence that USDCAD will have to break the high first before moving lower.
**Daily Chart**
From looking at the daily chart, I still believe that the price will have one more bush higher to break the high of the range before starting to moving lower.
Last month candle closed as bearish after testing the liquidity pool + Imbalance level at around 1.36100 area. This month candle (which is still active) is again re-testing the range of previous month candle. I am expecting the price to break this level at the high before completing the swing high and moving lower.
**Weekly Chart**
This week candle closed bullish. However, it remains within the range of previous two weekly candle. Which provides strong confluence that USDCAD will have to break the high first before moving lower.
**Daily Chart**
From looking at the daily chart, I still believe that the price will have one more bush higher to break the high of the range before starting to moving lower.
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