Best Buying Zones for the USD/CAD Pair

The USD/CAD pair is moving within an ascending price channel on the daily timeframe.

This is a result of previous accumulation activity that propelled the pair

up into a new overall upward trend, as clearly shown on the chart.

Currently, the pair has bounced off the upper boundary of the ascending price channel,

leading to a corrective decline. This move is expected to target new demand zones

located at the 1.3954 level,

which coincides with the lower boundary of the ascending price channel.

If the pair falls to the identified demand zones,

it is expected to rebound and target the upper boundary of the price channel.

This analysis will be invalidated if the price breaks below 

the buying demand zones and the price channel,

and closes below them with a full daily candle.