Here’s 👉 an UPDATE on the 4HR chart time-frame of the #USDCAD.
We can see price carved a potential bearish channel right from the highest swing @key-level resistance 1.46478 of mid march 2020 on the 4hr chart.
Price currently in a medium of consolidation thereby breaking out of a dynamic support trend-line which intersects @key-level structure of 1.41904.
Take not of the active key-level support which acts @1.39201 which if broken will signal bearish aggressiveness willing to re-expose our dynamic support trend-line.
Alternatively, a bullish close above key level resistance @141904 will signal breakout of our bearish channel.
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