USDCAD - Correction or Bull Breakout?

20SMA - Blue
200SMA - Pink
Key Confluence Areas - Grey Lines
Market Structure Support/Resistance - Green/Red Dashed Lines

Dear Friends:
If you find my analysis helpful, please boost and follow me for future analysis at your service.

How I see it:
Strong engulfing 1D candle closed within the confluence zone.
Price could wiggle around trying to correct downwards.
Or just breakout through confluence and test now resistance as a new support.
Both SMA's is slowly rising.

Keynote!
For fundamental/political reasons, I strongly believe a bullish continuation is a high probability.

I deeply appreciate you taking the time to study my analysis and point of view.
Trend Analysis

คำจำกัดสิทธิ์ความรับผิดชอบ