USD/CAD | Bearish run finally over? (READ THE CAPTION)

Wait 5 sec.

USD/CAD | Bearish run finally over? (READ THE CAPTION)USD/CADOANDA:USDCADAmirAliTradingBy examining the 4H chart of USDCAD we can see that after a long, LONG period of time being bearish, it has somewhat recovered after reaching the March 9th NWOG High, going from 1.3597 to 1.3650, currently being traded at 1.3648, just above the March 2nd NWOG Consequent Encroachment at 1.3647. I expect USDCAD to break above the March 2nd NWOG and go for this week's NWOG to test it and go through it. Then it has to break above the 1.3690 resistance level, should it go through it, we could see a rise to the 1.3700 level. Targets: 1.3660, 1.3668, 1.3676, 1.3684, 1.3692 and 1.3700. However, if USDCAD is rejected by the March 2nd NWOG, we could see an initial drop to the 1.3626 level and if it fails to bounce back up from there, further drop towards 1.3600 level can be seen.