This support zone for USDCAD is significant. It divides USDCAD between a true reversal and a potential bull trap in a 4-month downtrend.
Nothing much has changed in terms of bias from the last post I wrote on this pair. https://www.terraseeds.com/blog/2014/06/audcad-finds-support-psychological-level-1-0000/ On the higher time frame of the Weekly charts, it is clear that price is still very much supported by a previous year low (2012). Price is currently