USD/CAD Intraday Signal: Range Bias Between 1.3600 and 1.3700
Analysis:
USD/CAD is currently trading inside a consolidation structure on the 4-hour timeframe after a strong bearish impulse earlier in February. Price formed a weak low near 1.3500 and has since been rotating higher, creating a sequence of higher lows while struggling to break the 1.3700 resistance area. This level continues to act as the main supply zone limiting bullish momentum.
On the downside, the 1.3600 demand zone remains the key support area where buyers previously stepped in. As long as price holds above this region, the pair may continue rotating within the range toward the upper boundary near 1.3700. A rejection from this area could again push price back toward lower liquidity levels.
Trade Setup:
Enter: Sell below 1.3680
Stop-Loss (SL): 1.3720
Target A: 1.3620
Target B: 1.3580