USDCAD is bullish on daily and weekly timeframes.
We have a change of character on this bullish trend and demand OB that's not mitigated. We also have a very beautiful inducement zone as demand above the actual extreme demand.
Why inducement?
-Price has built too much liquidity above this demand zone as it had no inducement. As price moves closer and more aggressive, we predict price will sweep the first demand and mitigate the 2nd extreme demand for the actual BULLISH CONTINUATION MOVE.
NB: DXY remains bullish
We have a change of character on this bullish trend and demand OB that's not mitigated. We also have a very beautiful inducement zone as demand above the actual extreme demand.
Why inducement?
-Price has built too much liquidity above this demand zone as it had no inducement. As price moves closer and more aggressive, we predict price will sweep the first demand and mitigate the 2nd extreme demand for the actual BULLISH CONTINUATION MOVE.
NB: DXY remains bullish