USD/CAD to take daily high

25 ต.ค. 2023

With the 4H now having multiple breaks to the upside and us closing in on the daily high, it appears we may now be able to create a new higher low within the next few days. However, we need to keep in mind that we never actually mitigated a meaningful strong daily demand zone, so price may actually reverse and look for a deeper daily pullback mitigating the daily extreme before taking the daily weak high.