USDCAD Bearish move
**Monthly Chart**
Last month candle closed inside a bullish candle suggesting a move to test the Monthly manipulation candle (MC). This looks a picture-perfect as the DXY chart. However, USDCAD is still moving within a range. On 12th Feb we had a good selling opportunity for 145 pips which hit our target price at 1.33734.
**Weekly Chart**
USDCAD paused near the high of the imbalance candle (IPA) of 13th Dec 2023 and closed lower. Last week candle also tried to move within the range of the previous candle.
**Daily Chart**
The price moved within the range of the manipulation candle near the equal high which provides an opportunity to buy near the high at around 1.36000 level.
Last month candle closed inside a bullish candle suggesting a move to test the Monthly manipulation candle (MC). This looks a picture-perfect as the DXY chart. However, USDCAD is still moving within a range. On 12th Feb we had a good selling opportunity for 145 pips which hit our target price at 1.33734.
**Weekly Chart**
USDCAD paused near the high of the imbalance candle (IPA) of 13th Dec 2023 and closed lower. Last week candle also tried to move within the range of the previous candle.
**Daily Chart**
The price moved within the range of the manipulation candle near the equal high which provides an opportunity to buy near the high at around 1.36000 level.
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