Greetings Forexia family. Lets break down the analysis on USDCAD. As you can see from overall perspective the pair has been down trending for quite some time. If you can see the price on 4hr you will see the pair has left wick which you can see below. This indicates to me that pair has trapped sellers on that week.
Besides, if you view the chart on 1hr time frame you will see that most people have sold from the recent resistance.
I believe the pair has more potentials to go up.
PLEASE USE PROPER MONEY MANAGEMENT AND LOT SIZES.
USE THIS ANALYSIS AS A GUIDE TOOL.