USDCAD Chart Technical Outlook the focus is on the 1.3307 barrier the focus for me is on the 1.3307 upside barrier. If we were to reach this level, it would offer a sell setup for a corrective BC leg lower.
On shorter time frames, and without using bespoke support or resistance levels, we could be trading within the BC leg of a Bat formation. This would suggest buying dips close to the channel base at 1.3121 and the point of control (PoC) from Friday the 14th of July at 1.3115.
Although this setup is not textbook, buying dips in this zone does offer ample risk reward