FX.co ★ bridget.franecki | TST as the Foundation for Medium-term Trading

And here we have the USD/CAD pair, opening the day at the lower channel boundary without the mandatory zone. It's important to consider this aspect and prepare for a decline either from the red level or from the blue one, after a slight push to a new high around 1.3970, or even up to the paired channel boundary at 1.4025. The absence of the mandatory zone could accelerate the start of the decline, and the presence of untested mandatory zone levels below indicates that a price action is expected there one way or another. Therefore, the target at the bottom around the level of 1.3760 is quite realistic.