USDCAD – Area of Interest

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USDCAD – Area of InterestUS Dollar/Canadian DollarFX:USDCADdarlwrightUSDCAD is approaching a major support zone after being in a sustained downtrend for several weeks. This is an area worth watching, not predicting. From a VMS perspective: Overall trend has been bearish Price is now testing a well-defined higher-timeframe support level Momentum is currently low and beginning to hook upward What we want to see next is clear momentum divergence, not just a bounce This setup may take time to develop. Price could: Spend a couple of days basing and showing weakness, or Blow straight through support with strength At this stage: No trade No bias Just observation of how volume, momentum, and structure react at support This is how VMS works in real time—letting the market reveal its intent before any decision is made. Not financial advice. Always do your own analysis and manage risk appropriately.