FX.co ★ bayer.barbara | Freestyle Forex: Real Trade Experiences Unleashed!

Hello everyone! USDCAD. Still, the Canadian dollar did not break through the first pivot resistance of the month at 1.3925 and test the Daily Control Zone (DCZ) 1/4 at 1.3947-1.3952, indicating an intention to draw another pullback wave on H4 towards the minimum target of 1.3862. This would confirm further decline towards the target of 1.3824+- or even a retest of the Near-Term Control Zone (NTZ) at 1.3757-1.3733+-, after which we can expect an increase towards targets around 1.4034+- or even towards the 1.41 level. However, it is possible that this pair may enter a flat range of 1.39-1.38 approximately until the FOMC meeting on June 17, and then consider where to break out of this range. In general, the close approach to the pivot resistance of the month at 1.3925 suggests a continuation of the uptrend, but most likely through a descending correction.