Big Move Towards The Downside

Fellow Traders,

USDCAD is in a big Supply zone, if we can see a 1 hour candle close below the 1.37836 level. I will look for entries towards the downside. A close below that level confirms for me the downtrend. We have big news coming out today that could help with that 1 hour candle close, I would not touch this until we have that 1 hour candle close formation.

Updates will follow.

As always stay safe and use proper risk management.