When looking at USDCAD on the H1 interval from the technical point of view, one can see the last upward move is "held" by the lower limit of the local 1:1 structure. The last 3 downward corrections were almost identical, which, in line with the Overbalance methodology, indicates a short-term bullish sentiment. If the buyers manage to defend the support at 1.2540, another upward impulse may be on the cards. However in case of a break below the aforementioned support, downward move may accelerate.
USDCAD interval H1. Source: xStation5
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